The following information is provided in accordance with Listing Rules 7.12
Class of security: Ordinary Shares
ISIN: NZIFTE0003S3
Number of Ordinary Shares issued: 630,058
Issue Price: $2.00
Payment: Final instalment $1.00, in cash
Amount paid up: Partly paid Ordinary Shares fully paid to $2.00
Percentage of the total class of securities issued (after the issue): 0.12%
Reason for the issue: Partly Paid shares converted (IFTCB).
Specific authority for the issue: Terms and conditions of the issue of the
Partly paid shares prospectus dated 29 August 2007. Board
resolution dated 27
August 2007.
Terms or conditions of the issue: Partly paid shareholders have the
right to subscribe for Ordinary Shares, credited as fully paid, at the final
instalment price of $1.00
Total number of Ordinary Shares in existence after the issue: 530,627,765
Total number of Partly paid shares on issue after the above are converted :
1,046,806
K M Baker
End CA:00168676 For:IFT Type:ALLOT Time:2008-08-15:15:31:14