results!, page-32

re: results!-to newry Newry,

No he said he was married but not for how long, I just wanted to use the joke. Been married 7 years now and still having the best times so I was just joking, really I was (wife is watching me type).

Here's the relevant part of the ann:

Capital Raising

Matrix has reached in-principle agreement with Hartleys to place 130,434,783 ordinary shares at an issue price of 11.5 cents per share to raise $15,000,000 (the “Issue”) principally to Hartleys international and domestic institutional clients.

The Issue is being undertaken in two tranches, with the first tranche comprising 55,737,746 shares at 11.5 cents per share placed pursuant to the Company’s 15% placement authority and the second tranche being 74,697,037 shares at 11.5 cents per share placed subject to shareholder approval at a general meeting of shareholders to be held on or about 5 May 2004.

In addition, the Company also intends to undertake an offer of shares to shareholders by way of a Share Purchase Plan (“SPP”) to raise up to a further $5,000,000 at 11.5 cents per share. Under the SPP, each shareholder registered with the Company’s share registry as at Thursday 8 April 2004 will be invited to subscribe for new shares up to a total value of $5,000 each. If subscriptions for the SPP exceed $5,000,000 all applications will be scaled back pro-rata by the oversubscription percentage.