Phoslock Presentation, page-14

Hi salty 

its a no problems from me regarding the resolutions

remuneration report , good

reelection of LF, good

ratification of prior issue of shares, must be done

approval for additional 10% placement capacity. This doesn,t mean they are doing anther raising just the capacity if required. . The last placement didn't seem to hurt us much. The market understands these placements are to expand the business, I would be more than happy to see a annocement for a placement of $10m as this would mean more work on the way which will drive the sp high.

many people fell they are missing out and become p.ss off when a placement happens rather than a ssp but if you look at what tends to happen with a ssp the sp will stay depressed of a month while it happens (not good) this is because some current holders will be selling to raise funds to participate, they might end being 2c better for , a cap of $10k might be set so you are only missing out on $400 but in the mean time the sp could be stagnated for a month. We have 5 days a week to buy more shares if we want. Most shareholder don't take up the ssp plan anyway, I think the last one only about 25% took up the offer and I think the ssp in 2016 the percentage was lower. A spp is never fair anyway. Why should a holder will 1000 shares be able to buy the same amount as a holder with 100000 share. Unless a ssp is done and the allocation is as a percentage of individual holdings it would never be fair, and smaller holders would only get a small parcel which most would think it's not worth doing anyway. I have never seen a ssp been done in this way, so from a management point of view they can't win. But at less with a placement it's over and done with within days and doesn't drag on for a month

thanks

mickem