Ann: Company Update, page-4

I have been advised that Pitcher Parters are looking for someone to inject funds into the KAB shell. Noble is still the major creditor.

If the company is recapitalised shareholders will have their number of shares reduced to about 2% of their current holding.

Thanks Pete Landau, Jason Brewer and Tokkas for all your efforts with KAB. All those promises evaporated overnight.

"Surely this is no fault of Okap, we all believed Noble will be a suitable partner. I think you should look around you and understand the pressure the commodity market is under. Your loss is far less than what Peter Landau or myself have. We are trying, blame is just not part of what we do!
Regards T" I must remember this feedback.