Ann: Appendix 4C - quarterly , page-8

Hi afd

Did you find tht the half year update just released filled some of the details about CBD.

At the presentation late last year the MD, in answer to question about new growth opportunites, said that they would not be seeking any more new opportunities in the short term so that they could settle in current projects. all things being equal.

So THIS is the slow lane!

But a sensible approach, given the bottle necks developing, growth in stock held etc. They need to catch up with current growth possabilities - which seems to be happening fromn the update.

And