Ann: Investor Update , page-19

Hello EmDe,

Thank you for the compliment.

It is my understanding that MCE has around 25% of the current market for their main product Riser Buoyancy Modules (and Euroz Securities Ltd state this in their July research) an excellent read and available through the Matrix website.

That said Matrix is currently expanding into new products and spend impressively on R&D although I know little about the specifics.

Can they get to $500 million revenue?? I have no idea. This is dependent on too many variables outside anyone's knowledge and will be dependent on future expenditure with regard to deep sea drilling construction and whether MCE can maintain or even grow market share.

That said, it is entirely possible if future expenditure (in the field of deep sea drilling) is aggressive which I believe it will be although this is nothing but guesswork.

What will be interesting though is to see how MCE grows its market share against its competitors and whether it can maintain its excellent margins and reputation, I leave future revenue guestimates to the 'experts' (analysts.)

I hope this has been of some help.