Buyback notice

The following information is provided in accordance with Listing Rule 7.12:

Class of security:      Ordinary Shares
ISIN:   NZNZIE0007S5
Number acquired:        1,000,000
Acquisition price:      $0.016 per share
Payment in cash:        Yes
Fully paid:     Yes
Percentage of Ordinary Shares on issue  0.01%
Reason for the Acquisition:     Pursuant to buy back programme announced to
the market on 29 May 2007
Authority for the acquisition:  Director resolution
Number of Ordinary Shares on issue after the acquisition (including treasury
stock):    1,014,487,700
Acquired shares held as treasury stock: Yes

Total number of shares held as treasury stock:  9,000,000
Dates of Acquisition:   11 January 2008 & 14 January 2008