Tony Douglas-Brown and Giovanni Maurizio Carrello were appointed Joint and Several Administrators of the Company on 14 October 2008.

The first meeting of creditors was held on 24 October 2008. At that meeting our appointment was confirmed and a Committee of Creditors was not formed.

Subsequently, at a meeting of creditors held on 18 November 2008, the Company was placed into liquidation and we were appointed Liquidators.

It is unlikely that there will be funds available for distribution to creditors. Should the position change, creditors will be notified accordingly.

Any queries regarding the administration of the Company should be directed to Alan Ashford on +61 8 9480 2000.

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