Ann: Revised Offer From Kit , page-2

This is an improved offer BUT why can't KitD just pay us $0.50 cash now!?!?! Why do we have to risk their viability for 12 months!?! They recently raised cash via a placement. Why don't they attempt to raise again?

If Kitd gave us cash there would also be no need for the $0.05 (and further 6 month wait) warranty.

The Hyro Board need to fully disclose what Hyro shareholders are likely to receive NET after 6 and 12 months. ie what liabilities, outstanding taxes etc are still in the Hyro group of companies that we as shareholders will have to fund before we can any of the Kitd shares/cash.

BOARD OF HYRO, please inform the market on what are the likely liabilities still in the main business so we can accurately assess this revised offer.

I agree this offer is an improvement BUT without the Hyro board providing more information about what shareholders will actually receive I will still be voting against the Kitd deal