Dated 27 July 2017, page-2

Catmo the tender closed yesterday,assuming bids met reserves the result would be known. Usually money will be paid within a week. Only complication could be if some parcels failed to meet reserve prices then Merlin has a decision whether to hold and sell later or accept top bid. It is unusual in the diamond business to hold unless due to exceptional circumstances. Not sure if any of the polished stones were tendered?