Top Twenty Convertible Notes
AS AT 31 JANUARY 2012

	Twenty Largest Convertible Note Holders	Number of Convertible Notes	% of issued Convertible Notes
1	HSBC Custody Nominees (Australia) Limited	5,443,200	72.58%
2	Link Enterprises (International) PL	471,999	6.29%
3	Michael Edward Constable	228,000	3.04%
4	VCM Investments PL	210,408	2.81%
5	Dorran PL	150,000	2.00%
6	Gim Tong Teo + B H Kwah	101,333	1.35%
7	J P Morgan Nominees Aust Ltd	88,000	1.17%
8	David J + B L Le Cornu	76,000	1.01%
9	Kampar PL	70,474	0.94%
10	Yee Lan Teo	53,500	0.71%
11	Navigator Aust Ltd	50,000	0.67%
12	Duncan O’Brien	50,000	0.67%
13	Rijean PL	41,000	0.55%
14	Edward B & G F Norris	25,000	0.33%
15	Walter & Hilary Hall	25,000	0.33%
16	National Nominees Ltd	24,400	0.33%
17	Gamog No. 8 PL	19,000	0.25%
18	Richard Maxwell Hipkins	15,000	0.20%
19	Barrie Fredrick Bamkin	15,000	0.20%
20	Bond Street Custs Ltd	15,000	0.20%
	Totals	7,172,314	95.63%