Annual Meeting Presentation

21 November 2011

Attached is the presentation made by Mike Parsell at the annual meeting of shareholders held on the 4th November 2011.

All the contents of this presentation had previously been released to NZX and the markets in the presentation attached to the release of the full year results to 30th June 2011, on the 19th August 2011, and the 3 months trading update to 30th September 2011, released to NZX on the 11th October 2011.

W.K. Butler
Company Secretary