Class of security:

Ordinary Shares

ISIN:

NZNZIE0007S5

Number acquired:

29,330

Acquisition price:

$0.013 per share

Payment in cash:

Yes

Fully paid:

Yes

Percentage of Ordinary Shares on issue

0.003%

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:

9,500,000

Dates of Acquisition:

14 February 2008