Please find attached Option Valuation Report prepared by Grant Thornton dated 16 October 2009.
The number of votes each Option Holder will be entitled to a the Scheme Meeting of Option Holders will be determined by reference to the value of each Option the Option Holder holds as at the date of dispatch of the Scheme Booklet.
The value of Options has been determined by Grant Thornton using the widely accepted Cox- Ross-Rubenstein Binomial option valuation model and varies depending on the terms of the Options.
Enclosed with this letter is the option valuation report prepared by Grant Thornton. Option Holders will receive 1 vote for each $1 value of their Options (as opposed to one vote for each Option held). The value of each Option Holders options will be calculated by Computershare on the day of the Scheme Meeting.