letter to md mr pedro kastellorizos, page-2

Reply from MD of GENESIS

We appreciate your interest in our company and our positive announcement.
As we are an Australian registered company listed on ASX and operating
primarily in Australia, we are compelled to accord with the position of the
Australian government which, as you may well be aware, does not recognise
the constitutional name. Accordingly, we consider that the use of the name
"the Former Yugoslav Republic of Macedonia" is appropriate and consistent
with the position of the federal government
(http://www.dfat.gov.au/missions/countries/mk.html).

We understand the naming dispute is a sensitive subject for many; however,
rather than disparaging our company by inferring its 'deep rooted
ignorance', we suggest your time would be better spent contacting your local
elected official to air your grievances.

Kind regards

Pedro