Buyback - Ordinary Units

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

Class of security:      Ordinary Shares
ISIN:   NZNZIE0007S5
Number acquired:        470,670
Acquisition price:      $0.013 per share
Payment in cash:        Yes
Fully paid:     Yes
Percentage of Ordinary Shares on issue  0.05%
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:  9,470,670
Dates of Acquisition:   4 February 2008 Acquisition Date
8 February 2008 Settlement Date

On behalf of the Board,

Chris D Castle
Director

Email: c.castle@paradise.net.nz
Tel/fax 03 525 9170
End CA:00160127 For:WID    Type:BUYBACK    Time:2008-02-05:10:46:02