Ann: Appendix 3B, page-2

Hmmm indeed.
Issue price or consideration (a) $0.033 per Share (b) The shares to executives are issued as part of their remuneration arrangements and accordingly are issued for no consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) (a) Placement of securities to a sophisticated investor to raise funds to be applied towards the Company’s general working capital (b) Issue of Shares to executives as part of their remuneration arrangements