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<SEC-DOCUMENT>0001299933-05-004291.txt : 20050823
<SEC-HEADER>0001299933-05-004291.hdr.sgml : 20050823
<ACCEPTANCE-DATETIME>20050823145127
ACCESSION NUMBER:		0001299933-05-004291
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050823
ITEM INFORMATION:		Changes in Registrant.s Certifying Accountant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050823
DATE AS OF CHANGE:		20050823

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONSOLIDATED WATER CO LTD
		CENTRAL INDEX KEY:			0000928340
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25248
		FILM NUMBER:		051043493

	BUSINESS ADDRESS:	
		STREET 1:		TRAFALGAR PL
		STREET 2:		WEST BAY RD
		CITY:			GRAND CAYMAN BWI CAY
		STATE:			E9
		ZIP:			00000
		BUSINESS PHONE:		8099474277

	MAIL ADDRESS:	
		STREET 1:		TRAFALGAR PLACE, WEST BAY ROAD, P.O. BOX
		STREET 2:		GRAND CAYMAN, CAYMAN ISLANDS, BWI

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAYMAN WATER CO LTD
		DATE OF NAME CHANGE:	19941212
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>htm_6656.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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<TITLE> Consolidated Water Co. Ltd. (Form: 8-K/A) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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<BR>
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	WASHINGTON, D.C. 20549
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<P ALIGN="CENTER">
<FONT SIZE="5">
	FORM 8-K/A
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</FONT>
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<FONT SIZE="3">
	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	&nbsp;
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	August 23, 2005
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<BR>
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	Consolidated Water Co. Ltd.
</FONT>
<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	&nbsp;
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	Cayman Islands
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	0-25248
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	Not Applicable
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	&nbsp;&nbsp;
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	&nbsp;
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	Windward Three-4th Fl, West Bay Road, P.O. Box 1114 GT, Grand Cayman, Cayman Islands
</FONT>
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	&nbsp;
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	none
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
	(Zip Code)
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	Registrant&#146;s telephone number, including area code:
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	&nbsp;
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	345-945-4277
</FONT>
</TD>
</TR>
</TABLE>
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<P ALIGN="CENTER">
<FONT SIZE="2">
	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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<FONT SIZE="2">Top of the Form</FONT>
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<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 4.01 Changes in Registrant's Certifying Accountant.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
On August 17, 2005, Consolidated Water Co. Ltd. (the "Company") filed a Form 8-K (the "Form 8-K") with the Securities and Exchange Commission (the "SEC") disclosing that KPMG informed the Audit Committee of the Company that KPMG did not wish to stand for re-appointment as independent accountants for the Company and its affiliates for the fiscal year ended December 31, 2005.    <br><br>This amendment is being filed with the SEC in order to file the letter of KPMG stating whether or not KPMG agrees with certain statements contained in the Form 8-K.  <br><br>
</FONT>
</P>
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<BR><BR><BR><BR><!-- Item START -->
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<B>
	Item 9.01 Financial Statements and Exhibits.
</B>
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<FONT SIZE="2">
(c) Exhibits.<br><br>Exhibit No. - Title<br><br>16.1 - Letter dated August 23, 2005 from KPMG to the Securities and Exchange Commission.  <br>
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><P ALIGN="LEFT" STYLE="FONT-SIZE: 10PT">The previously filed 8-K (Accession Number 0001299933-05-004287) should have been filed as an 8-K/A and this document replaces that 8-K.</P><!-- PageBreak START -->
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<FONT SIZE="2">Top of the Form</FONT>
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<B>
	SIGNATURES
</B>
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<P ALIGN="LEFT">
<FONT SIZE="2">
	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
</FONT>
</P>
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<FONT SIZE="2">
	Consolidated Water Co. Ltd.
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	&nbsp;&nbsp;
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	&nbsp;
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	&nbsp;
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	&nbsp;
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	&nbsp;
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<I>
	August 23, 2005
</I>
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</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	By:
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Frederick W. McTaggart
</I>
<BR>
</FONT>
</TD>
</TR>
<TR>
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<HR SIZE="1" NOSHADE>
</TD>
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<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
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<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Name: Frederick W. McTaggart
</I>
</FONT>
</TD>
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<FONT SIZE="2">
	&nbsp;
</FONT>
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	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
	&nbsp;
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<I>
	Title: President and Chief Executive Officer
</I>
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</TD>
</TR>
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<FONT SIZE="2">Top of the Form</FONT>
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<FONT SIZE="2">
	Exhibit&nbsp;Index
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	&nbsp;
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<B>
	Exhibit No.
</B>
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</TD>
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	&nbsp;
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<TD NOWRAP ALIGN="LEFT">
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<B>
	Description
</B>
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	&nbsp;
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</TD>
</TR>





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<DIV ALIGN="LEFT">
	16.1
</DIV>
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<FONT SIZE="2">
	&nbsp;
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</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Letter dated August 23, 2005 from KPMG to the Securities and Exchange Commission.
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<DOCUMENT>
<TYPE>EX-16.1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-16.1
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<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
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<TITLE> EX-16.1 </TITLE>
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<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="right" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>EXHIBIT 16.1</B></FONT>


<DIV align="center">
<TABLE style="font-size: 7.5pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="54%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="41%">&nbsp;</TD>
</TR>
<TR style="font-size: 7.5pt" valign="bottom">
    <TD nowrap align="left"><B>KPMG</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 7.5pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">PO Box 493GT<BR>
Century Yard Building<BR>
Grand Cayman, Cayman Islands
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Telephone &#043;1 345 949 4800<BR>
Fax &#043;1 345 949 7164<BR>
Internet www.kpmg.ky</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 7.5pt"><FONT style="font-size: 11pt">United States of America
<BR>
Securities and Exchange Commission
<BR>
Washington, D.C. 20549
</FONT>

<P align="left" style="font-size: 11pt">August&nbsp;23, 2005


<P align="left" style="font-size: 11pt">Ladies and gentlemen,


<P align="left" style="font-size: 11pt">We were previously principal accountants for Consolidated Water Co. Ltd (the Company), and, under
the date of April&nbsp;15, 2005, we reported on the consolidated financial statements of Consolidated
Water Co. Ltd. and subsidiaries as of and for the years ended December&nbsp;31, 2004 and 2003, and
management&#146;s assessment of the effectiveness of internal control over financial reporting as of
December&nbsp;31, 2004, and the effectiveness of internal control over financial reporting as of
December&nbsp;31, 2004. On August&nbsp;15, 2005, we declined to stand for reappointed. We have read the
Company&#146;s statements included under Item&nbsp;4.01 of its Form 8-K dated August&nbsp;17, 2005, and we agree
with such statements, except that we are not in a position to agree or disagree with the Company&#146;s
statement that the senior officers and audit committee of the Company will now formally commence a
search to select a new independent accounting firm. We have also read the Company&#146;s statements
included under Item&nbsp;4.01 of its Form 8-K/A dated August&nbsp;23, 2005 and we agree with such statements.


<P align="left" style="font-size: 11pt">In addition to the information included in the Company&#146;s statements under Item&nbsp;4.01 of its Form 8-K
dated August&nbsp;17, 2005, the audit report of KPMG on management&#146;s assessment of the effectiveness of
internal control over financial reporting and the effectiveness of internal control over financial
reporting as of December&nbsp;31, 2004 did not contain an adverse opinion or disclaimer of opinion, and
was not qualified or modified as to uncertainty, audit scope or accounting principles, except that
KPMG&#146;s report indicates that the Company did not maintain effective internal control over financial
reporting as of December&nbsp;31, 2004 because of the effect of a material weakness on the achievement
of the objectives of the control criteria and contains an explanatory paragraph that states:



<P align="left" style="margin-left:32%; font-size: 11pt"><FONT style="font-size: 7pt">KPMG, a partnership established under Cayman Islands law, is a
<BR>
Member of KPMG International, a Swiss cooperative
</FONT>

<P align="center" style="font-size: 10pt; display: none">1
<!-- PAGEBREAK -->

<P align="right" style="font-size: 7pt"><FONT style="font-size: 9pt"><B><I>United States of America</I></B></FONT>



<P align="right" style="font-size: 9pt"><B><I>Securities and Exchange Commission</I></B>



<P align="right" style="font-size: 9pt"><I>August&nbsp;23, 2005</I>




<P align="left" style="margin-left:8%; font-size: 9pt"><FONT style="font-size: 11pt">As of December&nbsp;31, 2004, the Company&#146;s management, including the Certifying Officers,
has concluded that the Company had the following control deficiencies that when combined
resulted in a material weakness:
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company failed to properly track fixed assets and
accumulated depreciation, including work-in-progress accounts.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company does not have sufficient personnel resources with
appropriate accounting expertise.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company did not properly track inventory and management
did not sufficiently review the physical count work sheets to the final
inventory lists.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company did not sufficiently review inter-company
eliminations.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="12%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(5)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company did not sufficiently document the system access
controls around its financial management information system.</TD>
</TR>

</TABLE>

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<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
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<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
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<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Yours sincerely</DIV></TD>
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<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ KPMG</DIV></TD>
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<P align="center" style="font-size: 10pt; display: none">2


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