STATEMENT BY CPO CHAIRMAN, STEVE FRANKHAM - 24/7/12

There is some misinformation circulating regarding discretionary proxy votes allegedly cast by me at the EGM, particularly in regard to Resolution 3.

This was a resolution proposed by myself and the Board with the aim of restricting votes to a maximum of ten per shareholder.

This special resolution required 75% to be carried and was not passed, with 2,067 votes for, 2,200 against.

I should like to make clear that as Chair I controlled a total of 103 discretionary votes, all of which were placed in the "For" pile. Clearly this had no discernible influence on the outcome of the vote.

I trust this clears the matter up.

Steve Frankham
Chair, CPO