re: Ann: Notice of Extraordinary General Meet... dalegI hear...

re: Ann: Notice of Extraordinary General Meet... daleg

I hear what you are saying, however lets look at some of the facts.

1. Nexif have coem from nowhere and taken a position as the 3rd largets shareholder

2. Nexif and Matthew appear to have a history of selling infrastructure businesses. That maybe why he wants to have a say in the potential process.

3. If he had a good reason he should have
a. provided it to the board so it could be included in the EGM documentation
b. at least contacted some of the top 20 major shareholders to discuss his position

Does he have concerns with the current board? I think most shareholders would say they have done an outstanding job to keep AEJ alive where as other boards would have already capitulated

Can he have a favourable influence with the work the board is doing? At this stage I believe he will be unsettling to the lenders as they would become concerned at a potential instability at board level.

Having said that, I have confidence in the board and if Matthew hasnt come forward with the reasons for him needing to be on the board i have little confidence it will be for the best interests of Shareholders.

Can he advise if Nexif has made an offer for the business or if they have an interest in buying the business?

These are the questions I want answered before I even consider him to join the board.

Someone that hasnt the patient's doesnt strike me as being a stable board member but more of a disruptive one whch AEJ doesnt need at the moment.