Ann: Appendix 3B - Issue of shares on exercise of options, page-11

If anything its a Directors Buying statement.

The Options issued at IPO are part of the Prospectus, the Options arnt new.

So there hasnt been any dilution from what was accounted for in the IPO.

Its always been known that at times in the future, Directors would buy the 25c options and the Company would get the Cash deposited for those. Its now new, its all known already since before the Listing date and before investors bought shares at the IPO, its all in the Prospectus from day one.

Instead of Directors buying shares on market, they buy the Options they were issued in the IPO, directly off the company and the company gets the cash into its Company Bank Account.

Its all normal stuff, and known to the market, and the cash inflows are a win win.