Bonus Issue
The closing mid-market price for one Existing Ordinary Share on 17 May 2010 (the latest practicable date before the publication of this document) was U$2.45. The Board is seeking to increase the liquidity and marketability of the Company's Ordinary Shares and believes that the Bonus Issue will assist in achieving this objective. The Bonus Issue will result in Shareholders holding a greater number of Ordinary Shares each trading at a lower unit price which the Board believes may assist in increasing liquidity and reducing the bid/offer spread. The Board intends to propose the Bonus Issue which would result, if approved, in the issue and allotment of a further 51,027,716 new ordinary shares of no par value (the "New Ordinary Shares") pursuant to Resolution 1.