Ann: NSP Letter from the Chairman , page-2

The Chairman's opening paragraph:-

'It is with great pleasure that I write to update you on the significant steps we have taken to unlock the true
value of the PrIME technology. In the December 2010 Shareholder Newsletter I used the phrase ?Carpe
Diem? to describe our approach. I can now report that we have truly Seized the Day! This is a special time in
the company?s evolution where a dream has finally materialised into a commercial reality!'

From the Phrase Finder:-

'If Google's search records are anything to go by, more people visit this site looking for the little-used phrase 'carpe diem' than they do for any other phrase.

'Carpe diem' is usually translated from the Latin as 'seize the day'. However, the more pedantic of Latin scholars may very well seize you by the throat if you suggest that translation. 'Carpe' translates literally as 'pluck', with particular reference to the picking of fruit, so a more accurate rendition is 'enjoy the day, pluck the day when it is ripe'. The extended version of the phrase 'carpe diem, quam minimum credula postero' translates as 'Pluck the day, trusting as little as possible in the future'.

The meaning is similar to that of many proverbs that we continue to use in English and is a warning to make the most of the time we have, with the implication that our time on Earth is short. Other such proverbs are 'Strike while the iron is hot', 'The early bird catches the worm', 'Gather ye rosebuds while ye may', and so on.'

We still have a lot of work to do before this plant becomes reality. Many things can occur before it may be finally implemented.

I for one certainly hope this all comes to fruition.

Having a timetable that is adhered to and can be seen by all is a most important thing so that management can be seen as accountable.

At this stage I will still not be taking part in the further dilution of my shares but be prepared to wait and see the runs on the board. There is too much for me to lose at this stage.

GL and DYOR

Regards......