Ann: ASX Appendix 4C, page-5

After the SPP my holding in SVA has gone from 7th largest of my (somewhat modest) portfolio to 5th. I am not sure I am comfortable with this. They need to prove themselves and I will give them until the end of the year to do so. The US hard launch was delayed a month until June which may have cut into their revenue.

Within this quarter I am expecting at least two or more large groups in the US taking up SIM and a doubling of sites in Aust (and not just pilot studies).

Mal