heavy weight on the board, page-5

dct/lordolean,

I am not suggesting the PPG's result are poor, far from it they have grown their business incredibly well.

keeping in mind PPG is predominantly an industrial packaging business which will be impacted by the volatility in currency. Margins are tight and the market very competative.

They have yet to integrate a great deal of the businesses they have purchased and will incur continued restructuring charges moving forward.

The new investor is part of the Melbourne elite which RG is also a big player. These moves are pure Jobs for the boys.

My big geuss would be that PGH will make a script offer to fold PPG into PGH. This will help PGH with its growth aspirations. The new investor in PPG with RG holding would get this passed and may result in the new invstor moving onto the PGH board or even an executive position in PGH.