-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 N8U9Lk6+w8SncOuov7B7gkzVKtD1kiEy16SiZBPGDEQsjJ55Wx+k+rrSybyAF5XX
 WF7FSyjOERn/muNVpIw/Wg==

<SEC-DOCUMENT>0001075880-07-000010.txt : 20070228
<SEC-HEADER>0001075880-07-000010.hdr.sgml : 20070228
<ACCEPTANCE-DATETIME>20070227214704
ACCESSION NUMBER:		0001075880-07-000010
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20070223
FILED AS OF DATE:		20070228
DATE AS OF CHANGE:		20070227

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NOVOGEN LTD
		CENTRAL INDEX KEY:			0001075880
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29962
		FILM NUMBER:		07655098

	BUSINESS ADDRESS:	
		STREET 1:		140 WICKS RD
		STREET 2:		NORTH RYDE
		CITY:			NEW SOUTH WALES 2113
		STATE:			C3
		ZIP:			2113
		BUSINESS PHONE:		01161298780088

	MAIL ADDRESS:	
		STREET 1:		107 NORTH RYDE
		CITY:			SYDNEY
		STATE:			C3
		ZIP:			1670
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6kforappendix4d.htm
<DESCRIPTION>FORM 6K 2007 02 28
<TEXT>
<html>
  <head>
    <title>
      Form 6K 2007 02 28
</title>
<!-- Licensed to: 97ut5rw-->
<!-- Document Created using EDGARizer HTML 3.0.4.0 -->
<!-- Copyright 2006 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff" style="MARGIN: 5%; TEXT-INDENT: 0pt"><br>
    <div>
      <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
      <hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 36pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 36pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>Washington,
      D.C. 20549</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>______________________________________________</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>Form
      6-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>REPORT
      OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
      THE</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      EXCHANGE ACT OF 1934</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
      the
      month of February, 2007</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Commission
      File Number </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">________________</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 36pt; FONT-FAMILY: Times New Roman"><strong>Novogen
      Limited</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">(Translation
      of registrant&#8217;s name into English)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">140
      Wicks
      Road, North Ryde, NSW, Australia</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
      of principal executive office)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">___________________________________</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Indicate
      by check mark whether the registrant files or will file annual reports under
      cover of Form 20-F or Form 40-F. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Form
      20-F
</font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Wingdings"><strong>x</strong></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Form
      40-F
</font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Wingdings"><strong>o</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Indicate
      by check mark if the registrant is submitting the Form 6-K in paper as permitted
      by Regulation S-T Rule 101(b)(l):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Note:
      Regulation S-T Rule 101 (b)( I) only permits the submission in paper of a Form
      6-K if submitted solely to provide an attached annual report to security
      holders.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Indicate
      by check mark if the registrant is submitting the Form 6-K in paper as permitted
      by Regulation S-T Rule lO1(b)(7):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Note:
      Regulation S-T Rule l01(b)(7) only permits the submission in paper of a Form
      6-K
      if submitted to furnish a report or other document that the registrant foreign
      private issuer must furnish and make public under the laws of the jurisdiction
      in which the registrant is incorporated, domiciled or legally organized (the
      registrant&#8217;s &#8220;home country&#8221;), or under the rules of the home country exchange on
      which the registrant&#8217;s securities are traded, as long as the report or other
      document is not a press release, is not required to be and has not been
      distributed to the registrant&#8217;s security holders, and, if discussing a material
      event, has already been the subject of a Form 6-K submission or other Commission
      filing on EDGAR.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Indicate
      by check mark whether the registrant by furnishing the information contained
      in
      this Form is also thereby furnishing the information to the Commission pursuant
      to Rule l2g3-2(b) under the Securities Exchange Act of 1934. Yes </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Wingdings"><strong>o</strong></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">No
      </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Wingdings"><strong><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">x</font></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">If
&#8220;Yes&#8221;
      is marked, indicate below the file number assigned to the registrant in
      connection with Rule 12g3-2(b):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf </strong></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">by
      the
      undersigned, thereunto duly authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
      Limited</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">(Registrant)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>/s/
      Ron Erratt</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Ronald
      Lea Erratt</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Company
      Secretary</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Date
      28 February, 2007</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
      <hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><img src="novogen.jpg" alt=""></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman"><strong>NOVOGEN
        LIMITED</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">ABN
        37-063-259-754</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">www.novogen.com</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">140
        Wicks
        Road, NORTH RYDE, </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">NSW
        2113</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Telephone:
        02 9878 0088</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman"><strong>APPENDIX
        4D</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman"><strong>incorporating</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman"><strong>INTERIM
        FINANCIAL REPORT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman"><strong>FOR
        THE HALF-YEAR</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman"><strong>31
        DECEMBER 2006</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;

          <hr style="COLOR: black" align="left" noshade size="1" width="50%">
        </div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Lodged
        with the ASX under Listing Rule 4.2A</font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;
        This is a half-yearly report. It is to be read in conjunction with the most
        recent annual financial report.</font></div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
          Limited</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Appendix
          4D Specific Requirements</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>31
          December 2006</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
          <hr style="COLOR: black" align="center" noshade size="1" width="100%">
        </div><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><br></font>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>RESULTS
            FOR ANNOUNCEMENT TO THE MARKET</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font id="TAB1" style="MARGIN-LEFT: 261pt"></font><font id="TAB1" style="MARGIN-LEFT: 261pt"></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$&#8216;000</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div>
            <table cellpadding="0" cellspacing="0" id="ftable" width="100%">

                <tr>
                  <td align="left" valign="bottom" width="43%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Revenues
                      from ordinary activities</font></div>
                  </td>
                  <td width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">up</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">21.0</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">%</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">to</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">10,488</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                </tr>
                <tr>
                  <td align="left" valign="bottom" width="43%" style="border-bottom: medium none;">&#160;</td>
                  <td width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                </tr>
                <tr>
                  <td align="left" valign="bottom" width="43%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Loss
                      from ordinary activities after tax attributable</font></div>
                  </td>
                  <td width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                </tr>
                <tr>
                  <td align="left" valign="bottom" width="43%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">to
                      members</font></div>
                  </td>
                  <td width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">up</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">61.0</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">%</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">to</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(10,557</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="bottom" width="43%" style="border-bottom: medium none;">&#160;</td>
                  <td width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                </tr>
                <tr>
                  <td align="left" valign="bottom" width="43%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Loss
                      from extraordinary items after tax attributable </font></div>
                  </td>
                  <td width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                </tr>
                <tr>
                  <td align="left" valign="bottom" width="43%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">to
                      members</font></div>
                  </td>
                  <td width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">N/A</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">to</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                      </font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                </tr>
                <tr>
                  <td align="left" valign="bottom" width="43%" style="border-bottom: medium none;">&#160;</td>
                  <td width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                </tr>
                <tr>
                  <td align="left" valign="bottom" width="43%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Net
                      Loss for the period attributable to members</font></div>
                  </td>
                  <td width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">up</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">61.0</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">%</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">to</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(10,557</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">The
            Directors do not propose to pay a dividend.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Refer
            to
            Review of Operations shown in the attached Directors&#8217; Report for an explanation
            of the above disclosures.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="left">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">1</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="right">
              </div>
            </div>
          </div><br><br>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
            Limited</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Directors&#8217;
            Report</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>31
            December 2006</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
            <div>
              <hr style="COLOR: black" align="center" noshade size="1" width="100%">
            </div><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Directors&#8217;
            report for the half-year 31 December, 2006</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Your
            directors submit their report for the half-year ended 31 December,
            2006.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Directors</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">The
            names
            and qualifications of the directors that held office during the half-year
            and up
            to the date of this report, unless otherwise indicated, are as
            follows:-</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Mr
            P A
            Johnston</font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>,
            Chairman and Non-Executive Director - Dip Eng (Production)</em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Mr
            C
            Naughton,</font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>
            Managing Director - BEc, LLB</em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Professor
            A J Husband, </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Executive
            Director - PhD, DSc, FASM</em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Professor
            P J Nestel AO,</font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>
            Non-Executive Director - MD, FTSE, FRACP, FAHA</em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Mr
            P B
            Simpson,</font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>
            Non-Executive Director - MPharm, PhC</em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Dr
            L C
            Read,</font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>
            Non-Executive Director - BAgSc (Hons), PhD, FTSE </em></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">(resigned
            30 January, 2007)</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Mr
            G
            Leppinus,</font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>
            Non-Executive Director - BEc, FCA</em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Review
            of operations</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Cash
            Resources</em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">At
            the
            end of December 2006, the Company had $46.3 million in cash resources
            available
            to fund the drug development program and for ongoing business requirements.
            </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">In
            July,
            2006, Novogen&#8217;s subsidiary, Marshall Edwards, Inc (&#8220;MEI&#8221;) received net proceeds
            of $US16.9 million following the private placement of 6,329,311 shares
            and
            2,215,258 warrants. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">MEI
            also
            announced that it had entered into a standby equity distribution agreement
            (SEDA), with Cornell Capital Partners, LP enabling it sell to Cornell
            shares of
            its common stock for a total purchase price of up to $US15 million. At
            the date
            of this report, MEI had not issued any shares of its common stock under
            the
            terms of the SEDA.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">During
            the six months ended 31 December, 2006 the Company received $0.5 million
            from
            the exercise of options, issued under the staff option plan.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Net
            Loss</em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">The
            net
            loss attributable to members, after allocating outside equity interests,
            increased by $4.0 million or 61% to $10.6 million in the six months ended
            31
            December, 2006 from a loss of $6.6 million in the previous corresponding
            period.
</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">The
            net
            loss for the period after income tax for the consolidated group for the
            six
            months to 31 December, 2006 increased by $6.3 million to $13.6 million
            from $7.3
            million for the same period last year. The increase in our net loss for
            the six
            months ended 31 December, 2006 was due to increased consumer product
            manufacturing costs associates with lower production volumes of consumer
            products, an increase in research and development expenses mostly associated
            with the Ovature clinical trial, increased administration expenses and
            increased
            selling and promotional expenses. These expenses were partially offset
            by
            increased revenue from royalty and licence fee income and Government
            grants,.
</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Revenue</em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">The
            Company earned revenue for the six months ended 31 December 2006 of $10.5
            million, an increase of $1.8 million from $8.7 million for the same period
            last
            year. The increase in revenue included an increase in royalties and licence
            fees
            of $1.3 million including milestone royalty payments due under a license
            agreement with Archer Daniels Midland Company (ADM) (licence transferred
            from
&#8220;The Solae Company&#8221;) and amounts received from the licensed rights to Promensil
            and</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="left">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">2</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="right">
              </div>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
            Limited</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Directors&#8217;
            Report</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>31
            December 2006</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
            <div>
              <hr style="COLOR: black" align="center" noshade size="1" width="100%">
            </div><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Trinovin
            brands in the U.S. to Natrol, Inc. Other revenues also increased by $0.6
            million
            from the sale of red clover inventories which were excess to our production
            requirements and amounts received from Sante Naturelle for a licence
            and
            settlement of a patent infringement case relating to consumer products
            in
            Canada. Interest on cash balances increased by $0.2 million to $1.0 million
            for
            the six months ended 31 December, 2006 from $0.8 million for the six
            months
            ended 31 December, 2005.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Sales
            of
            consumer products decreased by $0.2 million to $6.2 million for the six
            months
            ended 31 December, 2006 from $6.4 million for the six months ended 31
            December,
            2005. Following the licence of Promensil and Trinovin brands in the U.S.
            to
            Natrol, Inc. we expect that in future profitability will be improved
            in the
            consumer products business segment.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Sales
            revenue in Australasia for the six months ended 31 December, 2006 were
            down $0.3
            million to $2.1 million from $2.4 million for the same period last year
            due to
            de-stocking in the wholesaler supply channels. Sales revenue in North
            America
            was $2.5 million for the four months ending October 2006 (U.S. consumer
            products
            were licensed to Natrol Inc from the end of October 2006) down from $2.6
            million
            for the six month period to December 31 last year. Sales revenue in Europe
            increased by $0.2 million to $1.6 million for the six months up from
            $1.4
            million for the same period last year. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Other
            income</em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Other
            income increased by $1.4 million for the six months ended 31 December,
            2006 due
            to Australian Government grant income from the Company&#8217;s participation in the
            Pharmaceutical Partnership Program (P3). <br></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Expenses</em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Total
            expenses increased by $9.6 million to $25.5 million for the six months
            ended 31
            December, 2006 from $15.9 million for the six months ended 31 December,
            2005.
            Cost of Goods Sold increased by $1.8 million due to increased product
            manufacturing costs associates with lower consumer products production
            volumes.
            Selling and promotion expenses were $0.5 million higher than for the
            same period
            last year representing increased advertising and promotional expenditure
            predominantly in Canada and the U.K. markets. Research and development
            expenses
            increased by $3.0 million compared to the corresponding period last year.
            The
            increase was primarily due to expenses associated with the Phase III
            Ovature
            clinical trial being conducted by MEI. Costs were also incurred in connection
            with production scale up activities of phenoxodiol and manufacture of
            clinical
            trial drug supplies. Research and development expenses also reflected
            an
            increase in costs associated with pre clinical development of glucoprime
            the
            Company&#8217;s Glucan based product being developed by Novogen&#8217;s subsidiary Glycotex,
            Inc. Administrative and other Expenses increased by $3.8 million (excluding
            net
            currency gains/losses). The increase in administration expenses included
            $2.1
            million representing non-cash, share based payments incurred by MEI in
            establishing the SEDA with Cornell Capital Partners and a $1.4 million
            employee
            termination payment. The net loss was also unfavorably affected by currency
            movements of $0.5 million in the six months ended 31 December, 2006 versus
            the
            previous corresponding period.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Corporate
            Developments</em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">On
            11
            July, 2006, MEI announced that it had entered into a securities purchase
            agreement with certain accredited investors providing for the placement
            of
            6,329,311 shares of its common stock and warrants exercisable for 2,215,258
            shares of its common stock at a purchase price of $US2.90 per unit. The
            warrants
            have an exercise price of $US4.35 per share, subject to certain adjustments.
            The
            warrants may be exercised no less than six months from the closing date
            and will
            expire four years from the date of issuance, or 11 July, 2010. MEI closed
            the
            private placement on 11 July, 2006. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">On
            11
            July, 2006, MEI also announced that it had entered into a standby equity
            distribution agreement (SEDA), with Cornell Capital Partners, LP. Under
            the
            SEDA, MEI may issue and sell to Cornell shares of its common stock for
            a total
            purchase price of up to $US15 million, once a resale registration statement
            is
            in effect. MEI has sole discretion whether and when to sell shares of
            its common
            stock to Cornell. Cornell will be irrevocably bound to purchase shares
            of common
            stock from MEI after MEI sends a notice that it <font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">intends
            to sell shares of common stock to Cornell. Each advance under the SEDA
            is
            limited to a maximum of $US1.5 million.</font></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="left">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">3</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="right">
              </div>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
            Limited</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><strong>Directors&#8217;
Report</strong></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><strong>31
            December 2006</strong><br>
            <div>
              <hr style="COLOR: black" align="center" noshade size="1" width="100%">
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">In
            October 2006 the Company announced that it had licensed the U.S. rights
            to its
            Promensil and Trinovin brands to Natrol, Inc. Natrol, Inc will provide
            the
            brands critical mass and marketing expertise. The license also provides
            for
            possible future royalties upon achievement of certain sales volumes by
            Natrol,
            Inc. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Also
            in
            October 2006, MEI announced that it had appointed JP Morgan as its exclusive
            financial advisor to provide advice on the strategic alternatives for
            phenoxodiol which has now entered Phase III clinical testing. This appointment
            is in line with our strategy to seek strategic partners for the future
            commercial development of phenoxodiol. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">In
            2004
            the Company was notified by the Therapeutic Goods Administration (TGA)
            that it
            was reviewing the current listing status of its dietary supplements products
            in
            Australia. These products are currently listed as &#8220;AUSTL&#8221; listed complementary
            medicine. The Company believes that its products qualify for their current
            listing status as &#8220;AUSTL&#8221; listed complementary medicines and the Company has
            submitted supporting data to the TGA. In the event of a determination
            by the TGA
            that the products are not correctly listed the Company will consider
            what
            further appropriate actions are available.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Clinical
            Trial Developments</em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Major
            advances were made during the six months ended 31 December, 2006 and
            up to the
            date of this report.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">The
            Company announced in August 2006 that its investigational anti inflammatory
            compound NV-52 had entered its second human clinical study. NV-52 is
            being
            developed to target inflammatory bowel disease. The study seeks to extend
            the
            compound&#8217;s safety data as well testing the ability of the drug to change certain
            inflammatory markers in the serum.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">In
            September 2006, MEI announced that a new study conducted at Purdue University
            in
            the United States had obtained results supporting that phenoxodiol specifically
            targets a protein on prostate cancer cells known as tNOX 75 alpha, a
            protein
            that appears to be selective for prostate cancer. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">In
            November 2006, MEI announced that the first patient had been treated
            in the
            Phase III ovarian cancer trial. The trial is being conducted under arrangements
            approved by the U.S. Food and Drug Administration (FDA) known as a Special
            Protocol Assessment (SPA). This SPA allows for the interim analysis of
            the study
            results after 95 patients have progressed with their disease. The total
            number
            of patients to be treated in this study is 470, with half to be on a
            treatment
            regime of phenoxodiol and the chemotherapeutic drug carboplatin, and
            half on a
            placebo and carboplatin. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Intellectual
            Property Development </em></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">During
            the six months ended 31 December 2006, 7 patents were granted over the
            Company&#8217;s
            intellectual property.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">These
            grants bring the total number of issued Company patents to 68.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">In
            December 2006, the Company announced that it had recently obtained allowance
            in
            the United States for patent claims to pharmaceutical compositions of
            the
            anti-cancer drug candidate phenoxodiol. The U.S. Patent and Trademark
            Office has
            allowed for grant claims to pharmaceutical compositions and unit dose
            forms of
            various substituted isoflav-3-enes, (including phenoxodiol). When granted,
            this
            patent will significantly add to the Company&#8217;s intellectual property portfolio
            surrounding phenoxodiol. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="left">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">4</font></div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="right">
              </div>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
            Limited</strong></font>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><strong>Directors&#8217;
Report</strong></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><strong>31
              December 2006</strong><br>
              <div>
                <hr style="COLOR: black" align="center" noshade size="1" width="100%">
              </div>
            </div>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Dividends
            Paid or Recommended</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">The
            Directors of Novogen Limited do not recommend the payment of a dividend.
            No
            dividends were declared or paid during the six months ended 31 December,
            2006.
</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Auditor's
            Independence Declaration</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">A
            copy of
            the Auditor's independence declaration as required under section 307C
            of the
            Corporations Act 2001 is included following the Directors' Report.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Rounding</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">The
            amounts and figures shown in this report have been rounded to the nearest
            thousand dollars (where rounding is applicable) under the option available
            to
            the Company under ASIC Class Order 98/0100. The Company is an entity
            to which
            the Class Order applies.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Signed
            in
            accordance with a resolution of the directors on behalf of the
            board.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">/s/
            C
            Naughton</font><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">C
            Naughton</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Managing
            Director</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Sydney,
            27 February, 2007</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br></div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">5</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div><br><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
          Limited</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Auditor&#8217;s
          Independence Declaration</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>31
          December 2006</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
          <div>
            <hr style="COLOR: black" align="center" noshade size="1" width="100%">
          </div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
          <div>
            <table cellpadding="0" cellspacing="0" width="100%">

                <tr>
                  <td align="left" valign="top" width="23%">&#160;<img src="bdo.jpg" alt=""></td>
                  <td align="left" valign="top" width="22%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Chartered
                      Accountants</strong></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>&amp;
                      Advisers</strong></font></div>
                  </td>
                  <td align="left" valign="top" width="29%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Level
                      19, 2 Market Street Sydney NSW 2000</font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">GPO
                      Box 2551 Sydney NSW 2001</font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Tel.
                      +61 2 9286 5555 Fax +61 2 9286 5599</font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Email:
                      bdosyd@bdosyd.com.au</font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>www.bdo.com.au</strong></font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>DECLARATION
          OF INDEPENDENCE OF WAYNE BASFORD TO THE DIRECTORS OF NOVOGEN
          LIMITED</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">To
          the
          best of my knowledge and belief there have been:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top" style="line-height: 1.25;">
              <td align="right" style="width: 18pt;"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">no
                  contraventions of the auditor independence requirements of the
                  Corporations Act 2001 in relation to the review; and
                  </font></div>
              </td>
            </tr>

        </table>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top" style="line-height: 1.25;">
              <td align="right" style="width: 18pt;"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Symbol, serif">&#183;&#160;&#160;</font></td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">no
                  contraventions of any applicable code of professional conduct in
                  relation
                  to the review. </font></div>
              </td>
            </tr>

        </table>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">/s/
          Wayne
          Basford</font><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Wayne
          Basford</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Partner</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">/s/
          BDO</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>BDO</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Chartered
          Accountants</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -9pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -9pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -9pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: -9pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Dated
          Sydney, this 27th day of February 2007</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><img src="bdo1.jpg" alt=""></div><br><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">6</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
          Limited</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Condensed
          Income Statement</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>For
          the half-year ended 31 December 2006</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
          <div>
            <hr style="COLOR: black" align="center" noshade size="1" width="100%">
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
          <div>
            <table cellpadding="0" cellspacing="0" id="ftable" width="100%">

                <tr>
                  <td align="left" valign="bottom" width="57%" style="border-bottom: medium none;">
                  </td>
                  <td width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Notes</strong></font>&#160;</div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" colspan="5" valign="bottom" width="26%" style="border-bottom: medium none;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>Consolidated</strong></font></div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="bottom" width="57%" style="border-bottom: medium none;">&#160;</td>
                  <td width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>&#160;&#160;&#160;
                      2006</strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                    <div>&#160;</div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                    <div>&#160;</div>
                  </td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>2005</strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                    <div>&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="bottom" width="57%" style="border-bottom: medium none;">
                    <div style="MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                  </td>
                  <td width="2%" style="border-bottom: medium none;">
                    <div>&#160;</div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                    <div>&#160;</div>
                  </td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div>&#160;</div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                    <div>&#160;</div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                    <div>&#160;</div>
                  </td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                    <div>&#160;</div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px" align="center">&#160;</div>
                  </td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                </tr>
                <tr bgcolor="#cbdbd1">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: #cbdbd1;">
                    <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Revenue</font></div>
                  </td>
                  <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">10,488
                      </font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">8,670
                      </font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: white;">
                    <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Other
                      Income</font></div>
                  </td>
                  <td width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,347
                      </font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(33</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                </tr>
                <tr bgcolor="#cbdbd1">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: #cbdbd1;">
                    <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Expenses</font></div>
                  </td>
                  <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(25,449</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(15,890</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: white solid;">
                    <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Finance
                      costs</font></div>
                  </td>
                  <td width="2%" style="border-bottom: white thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white thin solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white thin solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                      </font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(13</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                </tr>
                <tr bgcolor="#cbdbd1">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: white;">
                    <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Loss
                      before income tax</strong></font></div>
                  </td>
                  <td width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(13,614</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(7,266</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                </tr>
                <tr bgcolor="#cbdbd1">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: white;">
                    <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Income
                      tax expense</strong></font></div>
                  </td>
                  <td width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(1</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                      </font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                </tr>
                <tr bgcolor="#cbdbd1">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                  <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: white solid;">
                    <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Loss
                      after tax from continuing operations</strong></font></div>
                  </td>
                  <td width="2%" style="border-bottom: white solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white solid;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(13,615</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: black double;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(7,266</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                </tr>
                <tr bgcolor="#cbdbd1">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: white;">
                    <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Loss
                      for the period</strong></font></div>
                  </td>
                  <td width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(13,615</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(7,266</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                </tr>
                <tr bgcolor="#cbdbd1">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: white solid;">
                    <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Loss
                      attributable to minority equity interest</strong></font></div>
                  </td>
                  <td width="2%" style="border-bottom: white thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white thin solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white thin solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">3,058
                      </font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">719
                      </font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                </tr>
                <tr bgcolor="#cbdbd1">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: white solid;">
                    <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Loss
                      attributable to members of Novogen Limted</strong></font></div>
                  </td>
                  <td width="2%" style="border-bottom: white thin solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white solid;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white solid;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(10,557</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: black double;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(6,547</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                </tr>
                <tr bgcolor="#cbdbd1">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                </tr>
                <tr bgcolor="white">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: white;">&#160;</td>
                  <td width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                </tr>
                <tr bgcolor="#cbdbd1">
                  <td align="left" valign="bottom" width="57%" style="border-bottom: #cbdbd1;">
                    <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Basic
                      and Diluted Earnings per share (cents)</font></div>
                  </td>
                  <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(10.8</font></div>
                  </td>
                  <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                  <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(6.7</font></div>
                  </td>
                  <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                    <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                  </td>
                </tr>

            </table>
          </div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>The
          above condensed income statement should be read in conjunction with the
          accompanying notes.</em></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">7</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
      Limited</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Condensed
      Balance Sheet</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>31
      December 2006</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="100%">
      </div><br>
      <div>
        <table cellpadding="0" cellspacing="0" id="ftable" width="100%">

            <tr>
              <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">&#160;</td>
              <td width="2%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" colspan="6" valign="bottom" width="26%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Consolidated</strong></font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">&#160;</td>
              <td width="2%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" colspan="2" valign="bottom" width="12%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>December</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="left" colspan="2" valign="bottom" width="11%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>June</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td width="2%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="left" colspan="2" valign="bottom" width="12%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2006</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="left" colspan="2" valign="bottom" width="11%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2006</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td width="2%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="left" colspan="2" valign="bottom" width="12%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="left" colspan="2" valign="bottom" width="11%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">CURRENT
                  ASSETS</font></div>
              </td>
              <td width="2%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Cash
                  and cash equivalents</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">46,315
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">33,513
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Trade
                  and other receivables</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">4,906
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">4,030
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Inventories</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">3,950
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">5,522
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Other
                  current assets</font></div>
              </td>
              <td width="2%" style="border-bottom: white solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">587
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">685
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Total
                  Current Assets</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">55,758
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">43,750
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">NON-CURRENT
                  ASSETS</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Inventories</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2,098
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2,864
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Property,
                  plant and equipment</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">4,140
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">4,484
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Other
                  financial assets</font></div>
              </td>
              <td width="2%" style="border-bottom: white solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Total
                  Non-Current Assets</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">6,238
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">7,348
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>TOTAL
                  ASSETS</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">61,996
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black double;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">51,098
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">CURRENT
                  LIABILITIES</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Trade
                  and other payables</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">6,379
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">5,646
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Interest
                  bearing loans and borrowings</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">15
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Provisions</font></div>
              </td>
              <td width="2%" style="border-bottom: white solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">582
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">520
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Total
                  Current Liabilities</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">6,961
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">6,181
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">NON-CURRENT
                  LIABILITIES</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Provisions</font></div>
              </td>
              <td width="2%" style="border-bottom: white solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">350
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">339
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Total
                  Non-Current Liabilities</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">350
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">339
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>TOTAL
                  LIABILITIES</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">7,311
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black double;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">6,520
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>NET
                  ASSETS</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">54,685
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black double;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">44,578
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>EQUITY</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Contributed
                  equity</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">190,503
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">176,989
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Reserves</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(3,842</font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(2,847</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Accumulated
                  losses</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(137,187</font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(131,700</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Parent
                  interest</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">49,474
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">42,442
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Minority
                  interest</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">5,211
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2,136
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
              <td width="2%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>TOTAL
                  EQUITY</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: white thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">54,685
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black double;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">44,578
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
            </tr>

        </table>
      </div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>The
      above condensed balance sheet should be read in conjunction with the
      accompanying notes.</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">8</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
      Limited</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Condensed
      Statement of Changes in Equity</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>For
      the half-year ended 31 December 2006</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="100%">
      </div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
      <div>
        <table cellpadding="0" cellspacing="0" id="ftable" width="100%">

            <tr>
              <td valign="bottom" width="32%" style="border-bottom: medium none;">&#160;</td>
              <td width="2%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" width="32%" style="border-bottom: medium none;">&#160;</td>
              <td width="2%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" width="32%" style="border-bottom: medium none;">&#160;</td>
              <td width="2%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" width="32%" style="border-bottom: medium none;">&#160;</td>
              <td width="2%" style="border-bottom: medium none;">&#160;</td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Contributed
                  Equity</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>&#160;Accumulated&#160;
                  losses </strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Other
                  </strong></font></div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>reserves
                  </strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Total
                  </strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Outside
                  </strong></font></div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>equity
                  </strong></font></div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>interest</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Total
                  </strong></font></div>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>equity</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" width="32%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td width="2%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              </td>
              <td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="32%" style="border-bottom: medium none;">&#160;</td>
              <td width="2%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" colspan="2" valign="bottom" width="10%" style="border-bottom: medium none;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="32%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>At
                  1 July 2005</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">176,235
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(116,069</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(3,413</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">56,753
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">3,739
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">60,492
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="32%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Options
                  exercised (1)</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">672
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">672
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">672
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="32%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Loss
                  for the period</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(6,547</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(6,547</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(719</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(7,266</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="32%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Exchange
                  differences on translation of foreign operations</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">987
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">987
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">156
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,143
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="32%" style="border-bottom: #cbdbd1 solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Share-based
                  payments</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">233
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">233
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">233
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="32%" style="border-bottom: white solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>At
                  31 December 2005</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: white thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>176,907
                  </strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>(122,383</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>)</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>(2,426</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>)</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>52,098
                  </strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>3,176
                  </strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>55,274
                  </strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="32%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="32%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>At
                  1 July 2006</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">176,989
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(131,700</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(2,847</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">42,442
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2,136
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">44,578
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="32%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Issue
                  of share capital by subsidiary</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">22,442
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">22,442
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">22,442
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="32%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">less
                  outside equity interest</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(4,917</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(4,917</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">4,917
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="32%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Options
                  exercised (2)</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">513
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">513
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">513
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="32%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Loss
                  for the period</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(10,557</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(10,557</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(3,058</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(13,615</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="32%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Share
                  of opening equity transferred to OEI due to issuance of further
                  shares by
                  subsidiary</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(4,524</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">3,132
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">303
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(1,089</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,089
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="32%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Exchange
                  differences on translation of foreign operations</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(1,298</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(1,298</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(351</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(1,649</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="32%" style="border-bottom: #cbdbd1 solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Share-based
                  payments</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,938
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,938
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">478
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2,416
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="32%" style="border-bottom: white solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>At
                  31 December 2006</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: white thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>190,503
                  </strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>(137,187</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>)</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>(3,842</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>)</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>49,474
                  </strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>5,211
                  </strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="9%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>54,685
                  </strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><br></font>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="44%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>(1)
                  - during the period 201,982 Novogen Limited shares were issued
                  following
                  the exercise of options. </em></font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="44%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>(2)
                  - during the period 300,207 Novogen Limited shares were issued
                  following
                  the exercise of options.
</em></font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>The
      above condensed statement of changes in equity should be read in conjunction
      with the accompanying notes.</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">9</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
      Limited</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Condensed
      Cash Flow Statement</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>For
      the half-year ended 31 December 2006</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="100%">
      </div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
      <div>
        <table cellpadding="0" cellspacing="0" id="ftable" width="100%">

            <tr>
              <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">&#160;</td>
              <td width="2%" style="border-bottom: medium none;">&#160;</td>
              <td align="right" colspan="6" valign="bottom" width="26%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Consolidated</strong></font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">&#160;</td>
              <td width="2%" style="border-bottom: medium none;">&#160;</td>
              <td align="right" colspan="2" valign="bottom" width="12%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2006</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                <div>&#160;</div>
              </td>
              <td align="right" colspan="2" valign="bottom" width="11%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2005</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                <div>&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">
                <div>&#160;</div>
              </td>
              <td width="2%" style="border-bottom: medium none;">
                <div>&#160;</div>
              </td>
              <td align="right" colspan="2" valign="bottom" width="12%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                <div>&#160;</div>
              </td>
              <td align="right" colspan="2" valign="bottom" width="11%" style="border-bottom: medium none;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Cash
                  flows from operating activities</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Receipts
                  from customers</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">7,312
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">6,679
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Payments
                  to suppliers and employees</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(18,282</font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(14,658</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Interest
                  received</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">961
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">799
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Interest
                  paid</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(13</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Grants
                  received/(repaid)</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">107
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(33</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Royalty
                  received</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">458
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">944
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Licence
                  fees received</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,122
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Goods
                  and services tax (paid)/refunded by tax authorities</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">544
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(34</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
              <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Net
                  cash flows used in operating activities</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: white thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(7,778</font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(6,316</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Cash
                  flows from investing activities</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Acquisition
                  of property, plant and equipment</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(234</font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(178</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Proceeds
                  from sale of plant and equipment</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">10
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
              <td width="2%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Net
                  cash flows used in investing activities</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: white thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(234</font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(168</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Cash
                  flows from financing activities</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Proceeds
                  from the issue of ordinary shares</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">513
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">672
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Proceeds
                  from the issue of shares by subsidiary</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">22,453
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Repayment
                  of borrowings</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(15</font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(303</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white solid;">&#160;</td>
              <td width="2%" style="border-bottom: white solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Net
                  cash flows from financing activities</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">22,951
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black double;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">369
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Net
                  increase/(decrease) in cash and cash equivalents</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">14,939
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(6,115</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Cash
                  and cash equivalents at beginning of period</font></div>
              </td>
              <td width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">33,513
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">47,260
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Effect
                  of exchange rate changes on cash holdings in foreign
                  currencies</font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(2,137</font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,251
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td align="left" valign="bottom" width="71%" style="border-bottom: white solid;">&#160;</td>
              <td width="2%" style="border-bottom: white solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            </tr>
            <tr bgcolor="#cbdbd1">
              <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Cash
                  and cash equivalents at end of period</strong></font></div>
              </td>
              <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">46,315
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="2%" style="border-bottom: black double;">&#160;</td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
              <td align="right" valign="bottom" width="11%" style="border-bottom: black double;">
                <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">42,396
                  </font></div>
              </td>
              <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>The
      above condensed cash flow statement should be read in conjunction with the
      accompanying notes.</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">10</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
        Limited</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Notes
        to the Half-Year Financial Statements</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>31
        December 2006</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
        <div>
          <hr style="COLOR: black" align="center" noshade size="1" width="100%">
        </div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Note
        1. Basis of preparation of the half-year financial report</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">The
        half-year consolidated financial statements are a general purpose financial
        report prepared in accordance with the requirements of the Corporations Act
        2001, Australian Accounting Standard AASB 134: Interim Financial Reporting,
        Urgent Issues Group Interpretations and other authoritative pronouncements
        of
        the Australian Accounting Standards Board.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">It
        is
        recommended that this financial report be read in conjunction with the annual
        financial report for the year ended 30 June, 2006 and any public announcements
        made by Novogen Limited and its controlled entities during the half-year
        in
        accordance with the continuous disclosure requirements arising under the
        Corporations Act 2001. The half-year financial report does not include full
        disclosures of the type normally included within the annual financial report.
        </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Reporting
        Basis and Conventions</em></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">The
        accounting policies and methods of computation followed in this interim
        financial report are consistent with those applied in the annual report for
        the
        year ended 30 June, 2006.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">This
        half-year financial report has been prepared on an accruals basis and is
        based
        on historical costs modified by the revaluation of selected non-current assets,
        financial assets and financial liabilities for which the fair value basis
        of
        accounting has been applied. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Note
        2. Revenue and expenses </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
        <div>
          <table cellpadding="0" cellspacing="0" id="ftable" width="100%">

              <tr>
                <td valign="bottom" width="71%" style="border-bottom: medium none;">&#160;</td>
                <td width="2%" style="border-bottom: medium none;">&#160;</td>
                <td colspan="2" valign="bottom" width="12%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                <td colspan="2" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">&#160;</td>
                <td width="2%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" colspan="6" valign="bottom" width="26%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Consolidated</strong></font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">&#160;</td>
                <td width="2%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" colspan="2" valign="bottom" width="12%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2006</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                  <div>&#160;</div>
                </td>
                <td align="left" colspan="2" valign="bottom" width="11%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2005</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div>&#160;</div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">
                  <div>&#160;</div>
                </td>
                <td width="2%" style="border-bottom: medium none;">
                  <div>&#160;</div>
                </td>
                <td align="left" colspan="2" valign="bottom" width="12%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                  <div>&#160;</div>
                </td>
                <td align="left" colspan="2" valign="bottom" width="11%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div>&#160;</div>
                </td>
              </tr>
              <tr bgcolor="white">
                <td valign="bottom" width="71%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Revenue</em></font></div>
                </td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Revenue
                    from the sale of goods</font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">6,187
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">6,425
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Bank
                    Interest</font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">967
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">762
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Royalties</font></div>
                </td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,176
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,033
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Licence
                    fees</font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,122
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white solid;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Other
                    revenue</font></div>
                </td>
                <td width="2%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,036
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">450
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">4,301
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2,245
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white solid;">&#160;</td>
                <td width="2%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Total
                    revenue</font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">10,488
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">8,670
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Other
                    Income</em></font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Government
                    grants - research and development</font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,347
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(33</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>

          </table>
        </div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">11</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
        Limited</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Notes
        to the Half-Year Financial Statements</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>31
        December 2006</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
        <div>
          <hr style="COLOR: black" align="center" noshade size="1" width="100%">
        </div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
        <div>
          <table cellpadding="0" cellspacing="0" id="ftable" width="100%">

              <tr>
                <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">&#160;</td>
                <td width="2%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" colspan="6" valign="bottom" width="26%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Consolidated</strong></font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">&#160;</td>
                <td width="2%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" colspan="2" valign="bottom" width="12%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2006</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                  <div>&#160;</div>
                </td>
                <td align="left" colspan="2" valign="bottom" width="11%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2005</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div>&#160;</div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">
                  <div>&#160;</div>
                </td>
                <td width="2%" style="border-bottom: medium none;">
                  <div>&#160;</div>
                </td>
                <td align="left" colspan="2" valign="bottom" width="12%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">
                  <div>&#160;</div>
                </td>
                <td align="left" colspan="2" valign="bottom" width="11%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div>&#160;</div>
                </td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Expenses</em></font></div>
                </td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Cost
                    of goods sold</font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(4,079</font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(2,311</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Shipping
                    and handling expenses</font></div>
                </td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(253</font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(245</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Selling
                    and promotion expenses</font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(5,122</font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(4,586</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Research
                    &amp; development expenses</font></div>
                </td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(7,873</font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(4,908</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Administration
                    expenses</font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Administration
                    - Net currency (losses)</font></div>
                </td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(490</font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(2</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Administration
                    - other expenses *</font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(7,632</font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(3,423</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Other
                    expenses</font></div>
                </td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(415</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(25,449</font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(15,890</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Borrowing
                    costs</font></div>
                </td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(13</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">&#160;</td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Expenses
                    included in the numbers above, specifically
                    disclosed:</em></font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Depreciation
                    of non-current assets</font></div>
                </td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Plant
                    and equipment</font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(391</font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(407</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Buildings</font></div>
                </td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(145</font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(145</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Leasehold
                    improvements</font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(11</font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(2</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                  <div align="left">&#160;</div>
                </td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Amortisation
                    of non-current assets</font></div>
                </td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Plant
                    and equipment under lease</font></div>
                </td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(135</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td width="2%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white solid;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Total
                    depreciation and amortisation expenses</font></div>
                </td>
                <td width="2%" style="border-bottom: white thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(547</font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(689</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="71%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="71%" style="border-bottom: white;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Expense
                    of share-based payments</font></div>
                </td>
                <td width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2,381
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">233
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>

          </table>
        </div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">*
        includes $1,365,000 employee termination payment.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><br></font>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Note
          3. Contingent assets and liabilities</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">On
          11
          July, 2006 MEI entered into a registration rights agreement which provides
          for
          liquidated damages of up to 10% of the aggregate purchase price of the
          shares
          issued as part of the PIPE transaction if MEI does not maintain an effective
          registration of those shares.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">On
          11
          August, 2006 Camellia Properties Pty Limited initiated proceedings against
          the
          Company, claiming damages of $5,161,487 in connection with terminated
          negotiations of a commercial property lease.&#160; The Directors are of the view
          that the basis of the claim is without foundation and the Directors are
          obtaining legal advice with the intention of vigorously defending the
          claim.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Since
            the
            last annual reporting date, there has been no other material changes
            in any
            contingent assets or contingent liabilities</font></div>
        </div>
      </div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">12</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
        Limited</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Notes
        to the Half-Year Financial Statements</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>31
        December 2006</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
        <div>
          <hr style="COLOR: black" align="center" noshade size="1" width="100%">
        </div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Note
        4. Segment information </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Segment
        Accounting Policies</em></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">The
        Group
        generally accounts for inter-company sales and transfers as if the sales
        or
        transfers were to third parties at current market prices. Revenues are
        attributed to geographic areas based on the location of the assets producing
        the
        revenues.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Primary
        Segment</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
        <div>
          <table cellpadding="0" cellspacing="0" id="ftable" width="100%">

              <tr>
                <td align="left" valign="bottom" width="29%" style="border-bottom: medium none;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Geographical
                    Segments</strong></font></div>
                </td>
                <td width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" colspan="5" valign="bottom" width="13%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Australia/NZ</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" colspan="6" valign="bottom" width="14%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>North
                    America</strong></font></div>
                </td>
                <td align="right" colspan="6" valign="bottom" width="14%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Europe</strong></font></div>
                </td>
                <td align="right" colspan="6" valign="bottom" width="14%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Elimination</strong></font></div>
                </td>
                <td align="right" colspan="6" valign="bottom" width="14%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Consolidated
                    (continuing operations)</strong></font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="29%" style="border-bottom: medium none;">&#160;</td>
                <td width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2006</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2005</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2006</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2005</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2006</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2005</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2006</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2005</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2006</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>2005</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="29%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td align="right" colspan="2" valign="bottom" width="6%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>$'000</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="29%" style="border-bottom: medium none;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Revenue</strong></font></div>
                </td>
                <td width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="29%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Sales
                    to customers outside the consolidated entity</font></div>
                </td>
                <td width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2,057
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2,421
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2,541
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2,588
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,589
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,416
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">6,187
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">6,425
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="29%" style="border-bottom: white;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Other
                    revenues from customers outside the consolidated entity</font></div>
                </td>
                <td width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">3,311</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,632</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">23
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(149</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">3,334</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,483
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="29%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Intersegment
                    Revenues</font></div>
                </td>
                <td width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,895
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">989
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(1,895</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(989</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="29%" style="border-bottom: white solid;">&#160;</td>
                <td width="1%" style="border-bottom: white thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="29%" style="border-bottom: #cbdbd1 solid;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Total
                    segment revenue</strong></font></div>
                </td>
                <td width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">7,263</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">5,042</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2,564
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">2,588
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,589
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">1,416
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(1,895</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(1,138</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;9,521</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">7,908
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="29%" style="border-bottom: white;">&#160;</td>
                <td width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="29%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Unallocated
                    revenue</font></div>
                </td>
                <td width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">967&#160;</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">762
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="29%" style="border-bottom: white solid;">&#160;</td>
                <td width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="29%" style="border-bottom: #cbdbd1 solid;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Total
                    Consolidated Revenue</strong></font></div>
                </td>
                <td width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>10,488</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>8,670
                    </strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="29%" style="border-bottom: white;">&#160;</td>
                <td width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="29%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="29%" style="border-bottom: white solid;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Results</strong></font></div>
                </td>
                <td width="1%" style="border-bottom: white thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="29%" style="border-bottom: #cbdbd1 solid;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Segment
                    result</font></div>
                </td>
                <td width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(8,567</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(8,162</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(2,266</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(4,117</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(256</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(277</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(2,525</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">5,302
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(13,614</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(7,253</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="29%" style="border-bottom: white;">&#160;</td>
                <td width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="29%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Unallocated
                    expenses</font></div>
                </td>
                <td width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(13</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="29%" style="border-bottom: white;">&#160;</td>
                <td width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="29%" style="border-bottom: #cbdbd1 solid;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Consolidated
                    entity loss before income tax</font></div>
                </td>
                <td width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(13,614</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(7,266</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="29%" style="border-bottom: white;">&#160;</td>
                <td width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="29%" style="border-bottom: #cbdbd1;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Income
                    tax expense</font></div>
                </td>
                <td width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">(1</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">)</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">-
                    </font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1;">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td align="left" valign="bottom" width="29%" style="border-bottom: white solid;">&#160;</td>
                <td width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black thin solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
              </tr>
              <tr bgcolor="#cbdbd1">
                <td align="left" valign="bottom" width="29%" style="border-bottom: #cbdbd1 solid;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Net
                    loss</strong></font></div>
                </td>
                <td width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: #cbdbd1 solid;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black double;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>(13,615</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>)</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
                <td align="right" valign="bottom" width="5%" style="border-bottom: black double;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>(7,266</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>)</strong></font></div>
                </td>
              </tr>

          </table>
        </div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Note
        5. Net tangible assets per share</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
        <div>
          <table cellpadding="0" cellspacing="0" id="ftable" width="100%">

              <tr>
                <td valign="bottom" width="71%" style="border-bottom: medium none;">&#160;</td>
                <td width="2%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" colspan="6" valign="bottom" width="26%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                    Consolidated</strong></font></div>
                </td>
              </tr>
              <tr>
                <td valign="bottom" width="71%" style="border-bottom: medium none;">&#160;</td>
                <td width="2%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>2006</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman"><strong>2005</strong></font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">&#160;</td>
                <td width="2%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="71%" style="border-bottom: medium none;">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Net
                    tangible asset backing per share</font></div>
                </td>
                <td width="2%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px">&#160;</div>
                </td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">$0.56</font></div>
                </td>
                <td align="left" valign="bottom" width="2%" style="border-bottom: medium none;">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px">&#160;</div>
                </td>
                <td align="right" valign="bottom" width="11%" style="border-bottom: medium none;">
                  <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px"><font style="DISPLAY: inline; FONT-SIZE: 14pt; MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: Times New Roman">$0.57</font></div>
                </td>
                <td align="left" valign="bottom" width="1%" style="border-bottom: medium none;">&#160;</td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">13</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
        Limited</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Notes
        to the Half-Year Financial Statements</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>31
        December 2006</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
        <div>
          <hr style="COLOR: black" align="center" noshade size="1" width="100%">
        </div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Note
          6. Events after balance sheet date</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Novogen
          Limited announced on 27 February, 2007, that its US subsidiary company
          Glycotex,
          Inc., had received the first tranche of &#160;a private share placement of
          88,136 shares of &#160;its common stock. Proceeds from this the raising amounted
          to US$1.575 million.&#160;&#160;Following the placement Novogen retains 81.3%
          interest in Glycotex,&#160;Inc.&#160;</font></div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
    </div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">14</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div>&#160;</div>
    <div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
        Limited</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Directors&#8217;
        Declaration</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>31
        December 2006</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
        <div>
          <hr style="COLOR: black" align="center" noshade size="1" width="100%">
        </div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Financial
        report for the half-year ended 31 December 2006</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">The
        Directors declare that the financial statements and notes as set out on pages
        7
        to 14:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">(a)
        comply with Accounting Standards, the Corporations Regulations 2001;
        and</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">(b)
        give
        a true and fair view of the consolidated entity's financial position as at
        31
        December 2006 and of its performance, as represented by the results of its
        operations and cash flows, for the half-year ended on that date.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">In
        the
        Directors' opinion:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">(a)
        the
        financial statements and notes are in accordance with the Corporations Act 2001;
        and</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">(b)
        there
        are reasonable grounds to believe that Company Limited will be able to pay
        its
        debts as and when they become due and payable.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">This
        declaration is made in accordance with a resolution of Directors.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">On
        behalf
        of the board</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">/s/
        C
        Naughton</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">C
        Naughton</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Managing
        Director</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Sydney,
        27 February, 2007</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">15</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
        Limited</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Independent
        Review Report</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>31
        December 2006</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;

        <div>
          <hr style="COLOR: black" align="center" noshade size="1" width="100%">
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
          <div>
            <table cellpadding="0" cellspacing="0" width="100%">

                <tr>
                  <td align="left" valign="top" width="23%">&#160;<img src="bdo.jpg" alt=""></td>
                  <td align="left" valign="top" width="22%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Chartered
                      Accountants</strong></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>&amp;
                      Advisers</strong></font></div>
                  </td>
                  <td align="left" valign="top" width="29%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Level
                      19, 2 Market Street Sydney NSW 2000</font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">GPO
                      Box 2551 Sydney NSW 2001</font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Tel.
                      +61 2 9286 5555 Fax +61 2 9286 5599</font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Email:
                      bdosyd@bdosyd.com.au</font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>www.bdo.com.au</strong></font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>INDEPENDENT
        REVIEW REPORT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>TO
        THE MEMBERS OF NOVOGEN LIMITED</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Report
        on the Half-Year Financial Report </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">We
        have
        reviewed the accompanying half-year financial report of Novogen Limited,
        which
        comprises the condensed balance sheet as at 31 December 2006, and the condensed
        income statement, condensed statement of changes in equity and condensed
        cash
        flow statement for the half-year ended on that date, a statement of accounting
        policies, other selected explanatory notes and the directors&#8217;
declaration</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup>&#160;</sup></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">of
        the
        consolidated entity comprising the disclosing entity and the entities it
        controlled at the half-year end or from time to time during the half-year
        in
        order for the disclosing entity to lodge the half-year financial report with
        the
        Australian Securities and Investments Commission.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Directors&#8217;
        Responsibility for the Half-Year Financial Report </em></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">The
        directors of the disclosing entity are responsible for the preparation and
        fair
        presentation of the half-year financial report in accordance with Australian
        Accounting Standards (including the Australian Accounting Interpretations)
        and
        the </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Corporations
        Act 2001</em></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">.
        This
        responsibility includes designing, implementing and maintaining internal
        control
        relevant to the preparation and fair presentation of the half-year financial
        report that is free from material misstatement, whether due to fraud or error;
        selecting and applying appropriate accounting policies; and making accounting
        estimates that are reasonable in the circumstances. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Auditor&#8217;s
        Responsibility </em></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Our
        responsibility is to express a conclusion on the half-year financial report
        based on our review. We conducted our review in accordance with Auditing
        Standard on Review Engagements ASRE 2410 </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Review
        of an Interim Financial Report Performed by the Independent Auditor of the
        Entity</em></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">,
        in
        order to state whether, on the basis of the procedures described, we have
        become
        aware of any matter that makes us believe that the financial report is not
        in
        accordance with the </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Corporations
        Act 2001</em></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">
        including: giving a true and fair view of the disclosing entity&#8217;s financial
        position as at 31 December 2006 and its performance for the half-year ended
        on
        that date; and complying with Accounting Standard AASB 134 </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Interim
        Financial Reporting</em></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">
        and the
</font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Corporations
        Regulations 2001</em></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">.
        As the
        auditor of Novogen Limited, ASRE 2410 requires that we comply with the ethical
        requirements relevant to the audit of the annual financial report. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><img src="bdo12.jpg" alt=""></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">16</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Novogen
        Limited</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Independent
        Review Report</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>31
        December 2006</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
        <div>
          <hr style="COLOR: black" align="center" noshade size="1" width="100%">
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
            <div>
              <table cellpadding="0" cellspacing="0" width="100%">

                  <tr>
                    <td align="left" valign="top" width="23%">&#160;<img src="bdo.jpg" alt=""></td>
                    <td align="left" valign="top" width="22%">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Chartered
                        Accountants</strong></font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>&amp;
                        Advisers</strong></font></div>
                    </td>
                    <td align="left" valign="top" width="29%">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Level
                        19, 2 Market Street Sydney NSW 2000</font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">GPO
                        Box 2551 Sydney NSW 2001</font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Tel.
                        +61 2 9286 5555 Fax +61 2 9286 5599</font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Email:
                        bdosyd@bdosyd.com.au</font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>www.bdo.com.au</strong></font></div>
                    </td>
                  </tr>

              </table>
            </div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">A
        review
        of a half-year financial report consists of making enquiries, primarily of
        persons responsible for financial and accounting matters, and applying
        analytical and other review procedures. A review is substantially less in
        scope
        than an audit conducted in accordance with Australian Auditing Standards
        and
        consequently does not enable us to obtain assurance that we would become
        aware
        of all significant matters that might be identified in an audit. Accordingly,
        we
        do not express an audit opinion. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Independence
        </em></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">In
        conducting our review, we have complied with the independence requirements
        of
        the </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Corporations
        Act 2001</em></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">.
        We
        confirm that the independence declaration required by the </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Corporations
        Act 2001</em></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">,
        provided to the directors of Novogen Limited on 27 February 2007, would be
        in
        the same terms if provided to the directors as at the date of this auditor&#8217;s
        review report.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Conclusion
        </em></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Based
        on
        our review, which is not an audit, we have not become aware of any matter
        that
        makes us believe that the half-year financial report of Novogen Limited is
        not
        in accordance with the </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Corporations
        Act 2001</em></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">
        including: </font></div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td align="right" style="width: 36pt;">&#160;</td>
            <td>&#160;</td>
          </tr>

      </table>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td align="right" style="width: 36pt;">&#160;</td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">(a)
                </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">giving
                a true and fair view of the consolidated entity&#8217;s financial position as at
                31 December 2006 and of its performance for the half-year ended on
                that
                date; and </font></div>
            </td>
          </tr>

      </table>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td align="right" style="width: 36pt;">&#160;</td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">(b)
                </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">complying
                with Accounting Standard AASB 134 </font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><em>Interim
                Financial Reporting</em></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">
                and Corporations Regulations 2001. </font></div>
            </td>
          </tr>

      </table>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">/s/&#160;
        BDO</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>BDO</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Chartered
        Accountants </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">/s/
        Wayne
        Basford</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>Wayne
        Basford</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Partner</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Dated
        Sydney, this 27</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup>th</sup></font><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">
        day of
        February 2007</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><img src="bdo3.jpg" alt=""></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: ">17</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
    </div>
  </body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>novogen.jpg
<TEXT>
begin 644 novogen.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+#`Q-#0T'R<Y/3@R/"XS-#+_
MVP!#`0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P``1"`&``H`#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#W^BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@"C(X75[:(8^:"9O
MR:/_`!JX.IKG]6O!;>+]`B)Q]I6YB_\`'5;_`-EKH#WIDQ>XZBBBD4%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110!YK\5K]M)/A_48QF2VO@ZC^]Q]VO0+:XAO;:*Y@;?#,B
MNC>H;FO.?C7%N\-6$@'2\VY_[9L?Z4WX1>*%O=-;0;F0_:+09@W?Q1_W?^`U
MIR^YS''&IRUW"74]2HHHK,[`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`/.OC'#YG@F-O\`
MGC=QM_XZR_\`LU>'Z=J-SI.HP7]FX2>!LJ37T#\48//^'VHCNGEN/^_BU\YB
MNFC\)X^.O&KS'T_X4\46GBG2$O+<JLHXGBSS&WI6_GC-?+GAGQ)>^&-72]M&
MW+]V:$M\LJ_W:^C?#_B"P\1Z4E_82;HVX93]Y&]&K*I3Y3MPN)]K'E>YL444
M5F=84444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`87BVV^W>$=7MU^8M:28_P![;E?Z5\N?PU]=R1K)
M&R.`59<$5\F7MJUC?W%K)]ZWD:-O^`MMK>B>7F,=8R*XK>\*>*;WPGJOVFW_
M`'EO)\MQ`WW77_XJL#I2YK8\Z,Y1ES1/JO0]<L=?TN._L90\+CI_$A_NM[UI
M@C%?,GA#Q;=^$]5^T1;I+.7:)X/[X_\`BJ^C],U*TU?3HKZRE66WE7<K+WKF
MJ0Y3V\-B%5CYEZBBBLSJ"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`3\*3\*\/_`.%L>(_^>=C_
M`-^6_P#BJMZ7\6-4.I0+J<=J+-FVRF&-E95_O?>K+VT3NEEU>.Y[/144<J31
MK(C*R,-RLO<5+6IPA1110`=*0T9KR3Q5\1-:T;Q)>Z?;K9F&%E"^9&Q;[JM_
M>]ZF4N4UH4)5Y<L3UKM2XXKS_P"'GB[4?$MQ?QWZP`0+&R^4A'WMW^%>@"B+
MYM2:M*5*7)(6BBBJ($HH[5C:YXDTOP]#YE_=*C-]V-?F=OHM`XQE)VB;-(3]
M*\@U7XOWDA9=*L$BC_YZ7!W-_P!\K]W_`,>KF)_B!XHN&W-JKQ_[,<:K_P"R
MUDZT3OIY96EOH?0V?I29/I7SDGC/Q)']W6+O_@3[JU;+XG^);4J)9X+I?26)
M?_9=M3]8B5+*JWV6>]4A)':O/]"^*>E:BRPZE&VGS-_$[;H_^^NU=['(DB!T
M8,K<@CO6L91EL<56C4I2Y9HDQQ7S7\1]/_L_Q]J:JNU)F6X7_:W+N;_Q[=7T
MF#Q7C?QMTP+=:9JBKRRM!(W^[\R_^A-6U*7O'FXV-Z5SR2BBBNL\44<UVWP\
M\;2>&-4^RW<C-I5RW[Q?^>+?\]/_`(JN)Z49S4RCS%TZDJ<N:)]>(RR*K*P*
MMR"#UI]>4_";QA]JM/\`A'[V3_2+==ULS?Q1_P!W_@/_`*#_`+M>K"N24>4^
M@I5(U(\T1:***DT"BBJE_>PV&GSWD_\`JX(VD;_@-`%JBO#6^+/B+=_JK'_O
MRW_Q5>H^#=1U'5?#T%]J:1K-.2RJBX`3^&HC.,OA.JMA*E&/-(Z*BBBK.43&
M>M'2N0\0_$+1="9H!(;N[7_EC`<[?]YOX:\_U#XL:[=,RV4=O9)_#M7S&_[Z
M;Y?_`!VLY5(Q.JC@JU76,3V[/THS]*^<IO&_B6?[^L7`_P"N9V_^@TZ+QSXF
MMR#'K$[`?\]`LG_H51]8B=/]E5>Y]&=:.G2O$].^+>M0%5OK:"[C_B91Y<G_
M`,3_`..UZ+X?\=:/XA98H)_*N3_RPF^5O^`_WJTC4C(YJV"K4=91.HHHHJSE
M"BBB@`HHHH`2BN=U[QAH_AY,7=UNG(^6",;G_+M^->>:E\7K^4LFEV$4$>,>
M9,V]O\_]]5G*I&)TT<)6K?#$]D_"C\*^>I_B#XHG?)U5XQ_=CC5?_9:B'CCQ
M,&W'6+G\EJ/K$3K_`+)K=SZ+_"C\*^?X?B3XHB^]J*RK_=>*,?\`LM;^G?%^
M\5@NIZ=%*A_BMVVM_P!\M5>VB9SRS$1Z'L/%%8>@^*M)\0Q;K"Z5G_BB?Y77
MZK6YVK4X)1E%VD+2&CM6/XEU&;2O#U[?6^WS8(MZ[AQ0$8\SY38_"C\*\._X
M6QXC_P">=C_WY;_XJC_A;'B/_GG8_P#?EO\`XJLO;1._^S,0>X_A1^%>'?\`
M"V/$?_/.Q_[\M_\`%4?\+8\1_P#/.Q_[\M_\51[:(?V9B#W&CK7AW_"V/$9_
MY96/_?EO_BJZ#P7X]U?Q!XA2PO%M5A:-F_=QLK?+_P`"HC6C(BI@*U./-(]2
MHHHK4X@Z4E>7>-/'NK^'_$+Z?9K:M"L:M^\C9F^;_@5<^/BQXC'_`"RL?^_+
M?_%5E*M&)VT\!6J1YHGN/%%8/A?Q##XET6&]3:LGW98_[C^E;W:M3CE&49<L
MA:***!"$<48XI#7#_$+Q5?\`AJ&Q;3UB9IF=6\U<_=VU,GRJY=*G*K+DB=S2
MUXSHWQ-UZ^URPM)8K,0SW4<4FV-MP5F5?[U>S41E&6QI7P\Z$N6844451@%%
M%%`'RE1179?\(VVH_#>VU:VCW7%G+)OV_P`4.[_V7_XJO.C'F/KZM6-/EYCJ
M_A;XI%S!_8-W)^^A7=:LW\4?\2_\!_S]VO3L=:^7+.[N+"^AN[:39+$RR1M_
MM5]%^&==M_$>APW\6%9OEEC_`.>;_P`2UU4:E_=/"S'"^SE[2/PR-JBBBMSS
M1IKYY^(/_(]ZG_UT7_T%:^AC7SS\0?\`D>]4_P"NB_\`H*UAB/A/5RG^-+T.
MK^#?_'WJ_P#N1?\`LU>N=J\C^#?_`!]ZO_N1?^S5ZYVIT?A.?,?]XD%)2]JP
M/%>OQ^&]#FO3M,OW(4/\3GH*VV..,92ERHP_''CN/P]#]BLL2ZE(./XEB7^\
MWO\`[->*75W<W]R]S=2R2RNVYGD;<U%S=37UU-=7,C232MND9OXFKL?`'@EO
M$-Q]OOE9=.B;[O\`SV;^[_NUQ2E*I(^CITZ>"I\\MS%T#PCJ_B)O]#M]MON^
M:XD^6-?_`(K_`(#7H5A\'[&.-6O]1GED](%5%_)MU>CV]O#:PI#!&D<2+M5%
M7``J8UT1HQB>76S*M4?NZ'GS_"+0&3;'<7R'^\)%_P#B:YC6?A-J5JC2Z7<)
M>*O_`"RD7RW_`/B6KVCBBFZ4694\?B(_:/E>>WFM;B2WGADAFC;:T<B[66NF
M\(^-[WPW<+%(S3Z>6^>`]4_VEKU?Q?X.M/$EFS!5BOHU_=3_`/LK?[->#7EI
M<6%W-:7,;)<1-MD5JYI1E3D>S1K4\93Y9[GTQI]_;:I8QW=K*LL$J[E9>]<_
M\0=&_MGP7?PQJ&GA7SXO]Y?_`+'<*\[^&?BEM*U5=*N9/]"NVVKN_P"6<G\/
M_?7W?^^:]NSE<UUTY\WO'@XW"^SE*G+8^0:4'%=!XST)O#_BJ]L@NVWW>9!_
MUS;[O_Q/_`:Y\BN]'RDH\LN5B44451):TZ_GTK4(+ZU<)/!(KJ37U#H&K6^N
M:)::G;8V3Q[L?W3W'YU\JD<UZO\`!OQ!Y-W<Z!.^5E'GP;O[W\2_]\_-_P`!
M:L:T?=.[!5N6?+W/::***YCV1,=*\]^+&K"R\.QV$9'F7DGS?[B_,WZ[:]!S
MP*^?_B)JW]J>+KA4;=%:_N$_X#][_P`>W5E6ERQ.W+Z/M*WH<_I&G/J^KVEA
M%UGD6/=_=_VJ^F;2VCM+6*WB7;%$BHB^@6O(_A'H_P!IU6ZU>1?W=LOEQ_\`
M71OO?^._^A5['VJ:,?=YC7,ZW-4Y/Y1KNJ(68X`KQOQS\0YKZ633=%E:.T7Y
M9+B/[TO^[_L_^A5M?%+Q2;2!=#M)-LTZ[IV'\,?]W_@5>05-:I]F)OE^#BX^
MVJ!7::#\,]:U>-9KL#3X#]UI5W2-_P`!_P#BJ[+P'X"CTN*/5-4B5[]OFCC8
M?ZC_`.R_]!KT4=/:BG1_F#%9ERRY:)YY;_"+1HT_?W=[*_LRJ/\`T&H[CX0Z
M3(G^C7MW!)[[77_T$5Z1Q1Q6OLXGG_7:_P#,?/\`XB^'NLZ$C3JJWMHOWI8O
MO+_O+7)JS*VY6VLM?51Z>U>4_$'P&BQ2ZQI,.W'S7,"="O\`>7_V:LJE'E]Z
M)Z6$S+GE[.L+X$^(CRS1:3K4FYG^6"Y;NW]UO_BJ]6&,=:^5*]P^&OBAM:T@
MV5U)NO;08);[TD?\+?TJJ-3[,C',,'&/[VGL=[1116YY0QL8Z\5Y;XW^([6T
MDNE:))^^1MLMS_=_V5_^*K1^)?BIM'T]=,LY,7MT.67[R)_]?_XJO%JPK5/L
MQ/6R_!1E^]J;#I)))I&DD9I)&;<S,VYFKK-%^'>N:PBRM"ME`WW9)QM8_1?O
M"NW\">`8],ABU/58E>_/S1Q,,B#_`.R_]!KT8=*FG1_F+Q.9<LN6B>96WP=L
ME7_2]5N)&_Z8QK'_`/%58/P?T3'%[J*GWD3_`.)KT:BM?9Q.#Z[B/YCRFZ^#
MJ%=UGJS*?[LT.[]0U<CK'@'Q!HZ-*]J+F!?O/;'?M_X#]ZOH04A_"DZ,3:GF
M5:/Q:GE_PDT+RK.XUJ5>9OW,'^ZOWC_WU_Z#7J-,1%10J*`!V%.SP:N,;1L<
ME>M*K4<Y"USGCG_D3-4_Z]S71USGCG_D3-4_Z]S1+X14?XD3YVKTW2?A1!J6
MD65\=6D1KF".7;Y'W=R[O[U>95]*>%?^12T?_KRA_P#0%KFHQC+XCW<RK5*,
M8^SD<+_PIN#_`*#$G_?C_P"RH_X4W!_T&)/^_'_V5>I45O[*)Y'U_$?S'EO_
M``IN#MK,A_[8?_95L>&?AU%X<U<:BFHO.P1E\MHMOWO^!5W6`**?LXBEC*\X
M\LI"T4459S'@_P`4QCQK)_U[QUQ5=K\4^?&LG_7O'57P#I$6N:EJ6G2_*LVG
M28/HV^/:U<4H\U0^FH5?986,I#/`OB4^'-;3SFQ97!V3C^[_`'6_X#7T`CK*
M@92"IY!%?+][9W&GWTUG<Q^7-$VV1:]:^&'BG[;9?V)=2?O[=<P,W\<?]W_@
M/_H.*THU/LG)F.'YE[:!Z711172>()7EOQE_X]M)_P"NC_\`LM>I5Y;\9?\`
MCVTG_KI)_P"RUG5^$Z\!_O$3SGPS_P`C5H__`%^Q?^C%KZ9KYF\,_P#(U:/_
M`-?L7_HQ:^F:C#_"=6;?Q4%%%%;GE!1110!\I5[G\+45O!4:E<AI9-P;ZUX9
M7N?PJ_Y$R/\`Z[R?SKDH_$?0YK_"1YIXZ\,MX;UM_*5OL5R=\!_N_P!Y?^`T
M[P#XH_X1S6U6>3_0+GY)?]G^ZU>R>*]`A\1Z)-92863&Z*3^Y)_":^=[NUFL
MKJ:VN8V2:)FCD5OX6HJ1]G+FB+"UHXJC[*H?4BLK)N4Y%.KSGX8^*?[0L?['
MNI/])ME_=,W_`"TC_P#L>E>B]JZ8RYHW/$K4I4I\D@-?//Q!_P"1[U3_`*Z+
M_P"@K7T,>]?//Q!_Y'O5/^NB_P#H*UEB/A/0RG^-+T.K^#?_`!]ZO_N1?^S5
MZYVKR/X-_P#'WJ_^Y%_[-7KG:G1^$Y\Q_P!XD&*\3^+&KM>>(HM.1OW5G'\W
M_71OF_\`0=M>UD\5\S^(KO[;XCU&Y_OW4C+_`+N[Y:6(E[IKE=/FK<W8BTC3
MIM7U6UL(/]9/)MW?W?[S5]):;80:9IT%E:ILAA3:BCM7D/PBL$GU^[OG`(MH
MMJ_[+-_]BK5[2*6'C[O,5FE9RJ>S_E'4445T'EA1110`VO+/BSX?5X(M<@C^
M=-L4^WNO\)_]E_X$*]3]*S->T]=4T.^LF4'SHF5?][^']:F<>:)OAJOLJD9'
MS2K,K*RMM9?NLM?2'A?5AK7AJQOBW[QX]LG^^ORM_P"/`U\VU[)\(;PR:!=V
MK-_J)]R_[K#_`.Q:N;#R]ZQ[&:4^:ES]A/BWX:;5-"75K:/=<V/,F/XH?XO^
M^?O?]]5X3UKZ[DB62,QN`RL,$'O7S9XZ\*R>%O$$D,:M]AG^>V;_`&?[O_`:
M]*E+H?&8^CK[1'+4445T'F"FK^B:G)HVMV>I1;MT$RR?[R_Q+_WS5"C%2.,N
M5GUO;SQW5O'/"VZ.15=6]0U3CJ:XKX6:K_:G@:U1FS)9LUJW_`?N_P#CI6NV
MKCEH?14Y<\5(R/$6J)HOA^^U`XS%&S`>K=%_7%?-DC-)(TC-N9FW,U>K_%_5
MA';V6D1D;I6^T3?[HX'_`+-_WS7#>"]%_MOQ38VK+NA5O.F_W5_SM_X%7'6]
MZ7*?0Y?&-&A*M(]F\$:1_8GA:TMV4+,X\V;_`'F_R!^%=!-+'!$\TC;41=S'
MVJ7@<5S7CV\:S\%:HZ_>,7E_]]$+_P"S5T_#$\?WJM;U/!]9U.36=9O+^7[T
M\C-M_NK_``K_`-\UU7PQ\/+JNOF]GCW6UCM<;N\G\/\`\57#U[M\,;!;+P=;
MR[=LEU(TS?\`?6U?_'5%<E&/-(]_'5/8X?DB=O1117:?-A1110`4U@&7!IU%
M`'SMXY\/CP_XCFAB7;;3CS8/]E6_A_X"U0^#=6;1?%-E<[ML+2>3+_US;Y?_
M`++_`(#7HOQ?L!-H=G>JO[R"?9_P%E_^*5:\<KBJ>[(^DPK^L8:TCZL!R*:[
MJJEF.`.IK/T2\-_H=A=L<M-;QR'ZLM4/&EX;'PAJDX.UOL[(#_O?+_6NN_N\
MQ\]&%ZG(>#^)-7;7=?O+]F;;+)^[7^['_#_X[73_``O\/+JNO'49X]UM8E67
M=_%)_#_WS][_`+YKA:][^&E@MCX*M9-N'N7:5OSVK_XZJUR4X\TCZ#'5/8X?
MECZ'94445VGS@4444`%%%%`!1110`G>N<\<_\B9JG_7N:Z/O7.>.?^1,U3_K
MW-3+X36E_$B?.U?2GA7_`)%+1_\`KRA_]`6OFNOH3PUK6F1>%])BEU*S1ULH
M596G4$'8M84-SU\VC*4(G48]J/PK,_X2#2/^@I9?^!"T?\)!I'_04LO_``(6
MNFYXOLY=C4I*S8]=TN1U1-2LF9CA56=3FM+K0*46A:***!'@_P`4_P#D=I/^
MO>.K/PA_Y&ZY_P"O)O\`T..JWQ3_`.1VD_Z]XZL_"'_D;KG_`*\F_P#0XZY/
M^7Q]#/\`W'Y&_P#%+PO]JMO[<M(_WT*[;H+_`!1_WO\`@/\`G[M>5:?>SZ9?
MPWMK)LGB;<K5]02Q++&8W`9&&"#WKY[\:>&6\-Z[)%&K?8I?G@;_`&?[O_`:
MJM'E]XQR[$<T?8R/</#VMV_B+1H-0@^7S%PZ?W&_B6M?C%>"?#[Q1_PC^L_9
M[F3;87;;7W?\LV_A:O>@05SVK:G+FB>=C,.Z%3EZ#J\M^,O_`![:3_UTD_\`
M9:]2KRWXR_\`'MI/_723_P!EI5?A'@/]XB><^&?^1JT?_K]B_P#1BU],U\S>
M&?\`D:M'_P"OV+_T8M?3-1A_A.K-OXJ]`HHHK<\H****`/E*O<_A5_R)D?\`
MUWD_G7AE>Y_"O_D3(_\`KO)_.N3#_$?0YI_`1W!KRSXJ>&/,7^WK2/\`>1[5
MN57^)?X6_P#9:]4ZU%-#%<PO#*BNCKM93W%=,H\T;'AX>M*C4YXGS#IU_/I6
MHP7MJ<2P-N45]&Z!K$&O:-!J%N?ED7E>Z-W6O"O&7AJ3PUKLEMM9K63]Y;R-
M_$O]W_@-:7P[\4?V'JXM+J3;8W3;3N^[')_":YJ<O9RY9'LXRC'$T?:TSW@U
M\\_$'_D>]4_ZZ+_Z"M?0QKYY^(/_`"/>I_\`71?_`$%:TQ'PG-E/\:7H=7\&
M_P#C[U?_`'(O_9J]<[5Y'\&_^/O5_P#<B_\`9J]<[55'X3GS'_>)"-]TU\L3
M[FN)-R[6W-N6OJ=ONFOF+6[;[)KNH6W_`#RN)(__`!ZHK['5E/QR/2_@V!]G
MU<]R\6?_`!ZO4^]>-_!Z]6/6-0LF;_71+*O_``%O_LJ]DK2E\)R8^/+B)"T4
M45H<84444`%(>AH%4]2NUT_3+J[?[L$+2?D,T!'5GS+<_P#'U-_UT:O3_@R3
MG6!_"/)_]J5Y4WS-N:O8?@];&/2+^Y[23A/^^5_^RKBH_P`0^DS#3#,]+[5S
M_BWPU;>*=%DL9\))]Z&7_GF_K70=J.*[CYF45*-F?)>HZ?<Z1J,MA>1&*>)L
M$&JA%?0_C[P-#XJT_P"T6RK'JD"_N9/N[U_N-[5\_7-M-9W4EK<PM#-"VV2-
ME^96KJC+F/"Q&'=*1!1116ASGK/P2U';?:II;'_61K<)_P`!;:W_`*$M>S=%
MKYO^&=]]A\?V&YMJS[H6_P"!+\O_`(]MKVSQMJPT;PK>7"L%F=3%#_O-Q_\`
M7_"N.MH[GO9=>I",#Q7QAJ_]M^*;V[5MT/F>7#_NK\O_`-E_P*O0/A%HODZ?
M=ZNZC=.WE1?[J_>_\>_]!KR:"&2XN(X85W22,JJO]YJ^EM%TZ/2-&M-/3!6"
M,*6_O-W/YUQTES2YCZ;,9^RHQHQ-*N,^)^[_`(0FZVC^.//_`'T*[/O7*_$.
MW^U>"=21?O(JR?\`?+!OZ5O/X3R,.^6K$^?:^C_!RJO@_2-O_/K'_P"@U\X5
M[Y\-[Y;OP59(&R\&Z%O^`M_\25KFP_Q'L9M']U&1V-%%%=9X(4444`%%%%`'
M%?$__D1[S_?C_P#0UKP>O:_BS?+!X7BM=PW7,ZC'JJ_-_P#$UXI7)6^(^ARN
M/[AGT7X();P9I);K]G6J'Q,S_P`('?XZ9CS_`-_%K:\.6S6?AO3+=_O1VR*?
MKM%4?'-L;SP5JL(7)$/F?]\G=_[+71]@\>,O]IYO[Q\[U]'^#O\`D3](_P"O
M6/\`]!KYPKWOX9WZWO@NV3=E[9FB;\]R_P#CK+7/A_B/6S:/[J,CLJ***ZSP
M`HHHH`3M1G`YH[5XU\3=9U2Q\4I%9ZG=VT)M5;RXIVC7=N;^[4RERQN;X>A*
MO/DB>RYSTHKQ7X;:WJMYXN2&[U.]GA\F1O+FG9E_\>KVJB$N97#$4)4)\L@[
MUSGCG_D3-4_Z]S71]ZYSQS_R)FJ?]>YHE\)%+^)$^=J**^CO"]O`_A32&:)"
M?L4/\/\`L+7)3I\Q])BL5[",7RGSC17U-]DM_P#GBG_?-'V2W_YXI_WS6GU?
M^\</]K_W3YIT+_D8M+_Z^H?_`$):^FA]T'O42VMNK96)`?\`=J49!)-;4Z?(
M>?B\5[>2=A]%%%6<IX/\4_\`D=I/^O>.K/PA_P"1NN?^O)O_`$..JWQ3_P"1
MVD_Z]XZL_"'_`)&ZY_Z\F_\`0XZY/^7Q]#/_`''Y'MIKG?%OAN/Q+HDMHVT3
MCYX)/[K_`.%='1Q76U='@0DX2YHGRO/;S6MQ);SQM'-&VV16_A:O9?AGXG_M
M73?[+NY/]+M0-C-_RTC_`/L>G_?-9'Q3\+;<:_9Q\8VW8'_CK_\`LO\`WS7G
M&E:G/HVIP7]J<2Q-NQ_>_P!FN+^'(^@E&.-P_N[GU#VKRWXR_P#'MI/_`%TD
M_P#9:[_1-6M];TN"^MF!CE7./[I[BN`^,O\`QZZ1_P!=)/\`V6NFI\!Y."CR
MXJ,9'G/AG_D:M'_Z_8O_`$8M?3-?,WAG_D:M'_Z_8O\`T8M?3-1A_A.G-OXJ
M"BBBMSR@HHHH`^4J]S^%7_(F1_\`7>3^=>&5[G\*O^1,C_Z[R?SKDP_Q'T.:
M?P$=U11176?/',>-/#B>(]$>!=JW47[R!O1O3\:^>Y8Y(9I(9E:.2-MK*W\+
M5]4D\=*\A^*?A;R)O[=M(_D<;;E5['^%JPK4_M'JY;BN67LI;'1?#;Q1_;.D
M_P!GW4FZ^LQ_%]Z2/^%OZ5YK\0!CQSJ?^^O_`*"M96C:K<:)J\&HVS?/$V[;
M_>7^):N^,[N&_P#%E[=P-NAG\N16_P!EHUK&53FIG=1P_L<4Y1^&1V?P;_X^
M]7_W(O\`V:O7.U>1_!O_`(^]7_W(O_9J]<[5O1^$\G,?]XD%>$_%#2VL?%KW
M2K^ZO461?]Y?E;_/^U7NU<EXZ\-_\)%H,J1*#=P?O8/]KU7_`(%_A5U(\T2,
M%6]C64F>*^&]6.B>(+34!NVI)^\7^]&WRM7TC#-'<0I-$ZNCKE6'<5\LLK*S
M*R[66O3?AOXV2V":'J<RK#_R[2LWW?\`IFWO7/1J<ONGJYEA95(^UCT/8***
M*ZSP`HHHH`:0.*\Z^*VN+9:*FF0L/M%Z<O\`[,:__98_\>KKM?\`$%CX<TM[
MV\DX'RQQK]YV_NK7SWK>KW6NZK-?W;?O';Y57[JK_"JUC6J<L;'I9=A95*GM
M)?#$SZ^A_!.E-H_A&PMW7$S+YLF/[S?,?\*\A\!^'#X@U^,RINL[5E>=OX6_
MNK_P*OH$<?A48>/VC;-JZ=J41]%%%=)XXE<'X^\`P^*+8W=F%BU6)?D;^&4?
MW6_QKO**<9<IG4IQJ1Y9'R-<6TUG=26MS"T,T+;9(V7YE:H2*^@_'W@&'Q1:
MF[LPL6JQ+\C?PRC^ZW^->`3P36MQ);SQM'-&VUHV7:RM75&7,>)B,/*E(NZ'
M<_8O$.FW1Z174<G_`'RRUZ7\7-8\Z_L](C8;8%\V3']YON_^._\`H5>1_P`-
M;^K:I-K.K7&I3_ZR=MW^[_=KDQLO=/>X;I\U5R_E.G^&>C?VCXI6ZD&8;%?-
M;_>_A_\`BO\`@->\XKA_ACHXTSPK'<NF)KUO.;_=_A_^*_X%7;9ZUG2C:)VX
M^M[2M+R'U5O+6.]L;FUE_P!7/&T;?[K+BK5%:'&CY:OK26PO[BTG7$L$C1M_
MP&N]^$^NBSU2?2)Y-L=W^\BW?WU_^*7_`-!JQ\5?#30W*:];1_))MCN<=C_"
MW_LM>;0326]Q'-#(T<T;;E9?X6KB_AR/IO=Q>&/JBBN2\%^,8/$M@JR,L>H1
MK^^B]?\`:7_9KK>U=<97/G*E.5.7+(6BBBJ($HS0:X#Q_P"-ET2V?3[&3.HR
MKU7_`)8K_>^M3*7*:4J4JLN6)PWQ+UU=7\2-;P2`V]B/*7'_`#T_B_\`B?\`
M@-<]X<TIM8\065@J[EEF7S/^N?WF_P#':S*]>^%7AHVEJ^M74>)+E=ENC?PQ
M]V_X%_G[U<L?WDCZ*M*.$P_+$]-'04R:))H7BD4,CKM*^U2T5V'S)\PZUIDF
MC:S=Z=+NW02,JLW\2_PM_P!\UUGPP\1#2=:;3KB3%O?%0K-_#)_#_P!]?=_[
MYKI/BEX7-];+K5I'NFMUVW"K_%'_`'O^`_Y^[7D"_*VY:XY?NY'TE.4<7A[2
M/JSK17G'@7Q_'J<<6F:I,J7X&V.5CA9__LOYUZ/U%=49<QX%6C*E+ED+1115
M&0GI7AOQ9_Y'"/\`Z]8__0FKW+TKP[XL_P#(X1_]>L?_`*$U95OA/0RO_>"'
MX6?\CK'_`->\E>[UX1\+/^1UC_Z]Y*]WI4/A#-/]X#O7.>.?^1,U3_KW-='W
MKG/'/_(F:I_U[FM)?"<=+^)$^=J^E/"O_(IZ/_UY0_\`H"U\UU]*>%?^12T?
M_KRA_P#0%K"AN>OFWP1-FBBBND\0****`"BBB@#P?XI_\CM)_P!>\=6?A#_R
M-US_`->3?^AQU6^*?_([2?\`7O'5GX0_\C=<_P#7DW_H<=<G_+X^AG_N/R/;
MZ***ZSYXK7%O%=VTEO/&KQ2J4=6[BOG;Q9X?F\-ZY-:-N:W;]Y!(W=*^D"1@
M<5RWCCPRGB30VC15%[!F2W;_`&O[OXUE6I\T3MP.*]C4][X6>:_#?Q/_`&-J
MXT^ZDVV=TW\7\$G\)_\`9?\`OFNA^,A!M=)Q_P`])/\`V6O*)(VCD:.165E;
M:RM_#73Z[K\FN>$M'$\F;NUDDBD;^)AM7#?Y_NUSQJ?N^4]:IA_]HC6@97AG
M_D:M'_Z_8O\`T8M?3-?,WAG_`)&K1_\`K]B_]&+7TS6V'^$X<V_BH****W/*
M"BBB@#Y2KW/X5_\`(F1GOY\G\Z\K_P"$)\2?]`:Y_*O7OAWIMWI7A:.WOH'@
MF\USY;?6N2C&7,>[F56G.E[LCL****ZSP@JM=VL-]:36MS&KPRJR.K?Q+5FB
M@#YK\3:#-X=UJ6REW-']Z&3^_'_#6-7OWCSPL/$6B'R%'VZVS)`V.OJO_`J\
M1_L'6/\`H$WW_@.U<52GRR/IL%BHU:?O?$>@?!O_`(^]7_W(O_9J]<[UY7\)
M-/O+*YU4W5G<0;DCV^=&R[OO5ZIWKII?">+C_P"/(6BBBM#C/+/B#X!DN9)-
M9TB+=,WS3P+_`!?[2_[5>2M\K;6KZK(&.:X_Q-\/M*\0,UPO^BWI_P"6L:\-
M_O+_`!5A4H\WO1/6P>9>SC[.IL><^&?B1J.BQQVUX/MUJ/E4,VV1/HW>O1K'
MXD^&[T+NO3;N?X)T9/U^[^M>9:K\.?$6F,S):K>1?W[8Y_\`'?O5S-S8WEFV
MVYM;B!E_ADC9:SYZD#JEA<+B/>@SZ#F\:^&H4R=9M&_ZYON_]!KEM9^+5A"C
M1Z3`]U+T624%(Q_[,?TKQU59FVJNYJUK'PQK>I,OV32;J16_B\O:O_?3?+1[
M:4OA%'+L/3]ZI(@U?6;_`%V]:[U"=I9/X?[JK_=5:FT#P[?^)+];:QC^5?\`
M63-]U%_VJ[G0OA)<2,LNM7(B3_GW@;)_X$U>HZ9I5EH]HMK8P)#"O15HC1E+
MXB<1F%.G'DHE70-!L_#NEQV5HORKR[M]YV_O-6OVHHKK/#E)R?-(6BBB@044
M44`)7F'Q2\$C4[5]=T^'_38%_?QK_P`M8_7_`'EKT^DIQERF=2G&I'E9\@@<
M&M_0--DUK5;'3X_O3R*K-_=7^)O^^:O_`!$\-CPYXHD6"/9977[VWV_=7^\O
M_`6_]EKK/@[H_GW5QJ\B_)`/*B_WC][],?\`?5/$Q]HHBR6I+#3JW['L$,*6
M\,<,*A410JKZ"IJ**DU"BBB@"M=VD%[:R6UPBR12*5=&[BO!?&7@F[\,W32P
MJTNF.WR2_P#//_9:OH$@8J&>"*XA,4R*\;C#*PR#6=2GS'3AL5*A+R/F"UN9
M[*YCN;>62*5&W+)&VUEKTW0/BV4C6'7+=B1_RW@7K_O+_P#$U;\0?"BVN7:Y
MT6<6[G_EA*-T?_`3_#7G]_X,\1::S>=I<[#^_"OF+_X[6'+4IGL^TPN+7O;G
MM%KX[\,W*Y35[=?:4F/_`-"IMYX_\,VBDMJD3GTA#2$_]\U\^R0R0MMFC:-O
M[K+MIT-O-<-MAADD;^[&NZCV\C+^RJ/\QZ+XB^*T]U&UOHMNUM&W_+>;[_\`
MP%>U><22232-)-(TDC-N9F;<S-70:;X&\1:FP\O3)H$/\<_[M?\`Q[YJ]$\.
M_"RPT\QW&JR_;KA>=F,1+^'\5'+4J&OML+A(\L#D/`_@2;79X[^_C:/35;<J
ML,&?_=_V?]JO<HHUCC"(`JJ,`#M2HBH,`8`I];PARGC8G$RKRYI!1116AS#6
M563!&17C/CKX?26$LFIZ/"TEHWS2P+]Z+_=_V?\`T&O9Z#@U,H\QOA\1*A+F
MB?*==IX?^).LZ,%@N=M];#HLK?O!_NM_\57H/B+X;:3K3-<6W^A7;=6C7Y&_
MWEKS;5/AQXBTUCLM/MD(_CMFS_X[]ZN;V=2'PGMQQ6%Q,>6H>B6/Q6\/W*C[
M0T]FW?S8]P_-:V%\=^&77=_;%N/J2*^?[FQO+-MMS:W$#+_#)&RU7H]M(B66
M49?#(]]N?B3X7@7Y=2,K?W8HF;_V6O)O&VO6WB371>V:2I$L*QGS556^7=_\
M56/!I>H73;8-/NI6_P"F<+-6W8_#_P`3Z@V5TYH%_O7#+'_X[]ZB4I5"Z-##
MX67-S%[X6_\`(ZQ_]>\E>[UY[X,^'DWAS4%U*ZO5EN%C9/+B7Y?F]VKT*MZ4
M7&.IY./K1K5N:(5SGCC_`)$O5?\`KW-='6%XNM9[WPKJ%M;1F6:2$JJ#^*JE
M\)S4OXD3YPKV30OB/X?L-!T^SGEG\V"VCC?;"?O*JK7G7_"$^)/^@-<_E1_P
MA/B3_H#W/Y5RQYHGT6(CAJ\4I2/5?^%J^&O^>US_`-^:/^%J^&O^>US_`-^:
M\J_X0CQ+_P!`:Y_[YH_X0CQ+_P!`:Y_[YJ_:5#E^I8/^;\3U7_A:GAK_`)[7
M/_?FI['XB^']1OX+*"2?SIY!''NB_BKR/_A"/$O_`$!KG_OFM7PUX1U^S\2Z
M9<3:5/'#'.C2,P^ZNZB-2H14P>%C&3C+\3WFB@=**Z3QSP?XJ?\`([2?]>\=
M6?A#_P`C;<_]>+_^AQU<^(GAG6=3\5O=6.G2SQ&%%\Q35CX9^'-7TGQ)-<ZA
M8RP0FT9%:3NV8_\`XFN7EE[0]V56G]2Y>;H>MT445U'A!1110!XS\4?"WV.\
M.N6D?[B=L7*K_"_][_@7_H7^]7G%?45]96^I6,MI=1AX9EVNI[BOGS6/".KZ
M7JMQ:)8W5Q'&W[N:.%F5U_AKDK4_>YCWLNQ?-'V<NA4\,_\`(U:/_P!?L7_H
MQ:^F:^=/#VC:M#XDTF233+R.-;V)F9K=E55\Q:^BZTP_PG+FLE*HF@HHHK<\
ML****`#%%%%`!1110`4444`%)@>E+10`8`[4444`%%%%`!1110`8I,#T%+10
M`F!Z"EP/2BB@`HHHH`****`"BBB@`HHHH`****`*\]G;W.//MXI=OW?,C#;:
M?#;0V\?EP1)&OHB[:EHH`****`"BBB@`HHHH`*,#THHH`3`]!1@>@I:*`#`H
MHHH`****`"BBB@`HHHH`****`$P/048'H*6B@!,#TI<444`%%%%`!1110`8H
MQ110`4444`%%%%`!1110`8HQ110`4444`%%%%`!1@>E%%`"8'I2T44`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!14;R+'&9'8*JC))[57L=1L]4MOM-C<Q7,).-\;;A0!<HHHH`***
M*`"BBB@`I*R-%U^P\0V\MSI\K20Q3-"S%2OS+C_&M>F2I7V%HHHI%!1110`4
M444`%%%%`!1110`4444`%%%4+35+'4+FYM[6[AFEM6\NXC1MQC;^ZWY-0!?H
MHHH`2C%)65INO:?JU_?V5I,SW%A(L=PI4KM8[O\`XEJ">8UZ***"@HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`:>M<3=?$O2[:_N[!+'4;B]MIFB^SPPJS/M^\R_-]VN
MV/0UYQX#B5O'?C25U7S%NE`;V9I/_B5JD8U92YDHG4>&O%NG>*+666S$L;PM
MLEBF7:R&L:X^)^E1RS-;V&IW5E`^R6]M[?="O_`JYRS+6VM_$AH/E9+8R`C^
M]MD-)X2'B:?P'#9:?H^G36%Q#*GF27&UFW,RMN6KY8F/M9O0[B;QEIL.HZ3:
MJLLJZL-UK<1A?+/^]\V[N/X:;K_C73/#NIV5A>I.9KO[C1J"J<[<MSQ7!ZUH
M&H^'OAOI%S<*OV[1KT395MV%:3_XK;1XCLD\5ZAXMU&+]X-/T^%+9_7_`);-
MM_[Y/_?5'+$)59\OF>BZYXCL]`GT^"XCGEEOY_(@6$*3N_$CUK>S@5Y=:WQ\
M5^/?#$F1)%9Z9]NE_P!F1OE_GMKTR9F6)RBY8+P*B4;&U.ISIR./O?B/IMKJ
M=Q96UCJ5]]E.VZEM(/,2'ZUHZ'XQTOQ"M_)9O(L5BW[R64*JL/F^9>?N_*>3
MBL#X0I&?!LDP^:66[D:5N^[Y:Y"S`L_#?Q$CLP%B2Z,:;?\`GGO9?_0:NT3#
MVT[1;ZG;M\4M)4^=_9^J-IN_R_[1^S?N=WUK3UWQII?ATV#7IE:*^W&.:$*R
M(%V\M\W3YA]VN/L8/%.H^`K?2K31],^QW%BJ1R_:?F^9?O8_O?Q57U[3+FPM
M_A_INH)&T\5ZL,BYW+CS(_\`V6CEB/VL^6YU>F?$;3-0U:#39K+4+&2Y_P"/
M=KN'8)OI6CK_`(QL-`N8+,PW5Y?3KNCM+2/S)&7^]BN=^)2*-1\*38^==255
M/I\RG^E9'G:NOQ?UM]-L[:ZN$MHU"W$NW9'MCY7_`#_%2Y8A*K./NG>:#XMT
M_7XKD11W$%S:<3VMQ'MDC^JUD:9\3M'U>\M;:RM;^2:YDV%?*7]U\VW+_-Q5
M'2M$\0+XROM?U.TM;6.>Q:%U@FW;F^7;_P"@TOP>M(8?!QN55?,GN6\QO[VW
MY5I6B.-2;DD:6I?$"TL-0N;.#2-7O!:-MN);6UW)&?KFIKKQI8R^$WUO38[N
MZ1\QJMO#NDC?'\2^U9&G^*O$GB:2ZE\-V&F0Z=%*T:W&H-)^^/\`LJM4/AUO
M7PKXF64+O6YGW"/[N?+'W:=B75DW[KW)O`OBY]4\/-::K:ZG<S>7+)-=O'^Y
M9<M\JMN_NUO>$]1\/V?@K^T=,ADT_28S)(RSMN*_-\Q^\U9GP^_Y),/^N=Q_
MZ$U<7<R2Q_`>S6/=LDO=LG^[YC-_Z$JT[7$JDH)/R.XC^*FDDI--IVJP:?(V
MV.^DMR(F_&MC7_&6F^&EL&O3*T5ZVU)8E5E7[OS-S]WYATS4'BRTM5^'&H0*
MJ?9X[`B->WRK\O\`2N!OMUUX.\!+<KYFZ\2-E;^)=VW_`-!I**D5.I.&AV=A
M\2M+O=7M["6QU"R>[;;;RW4.U)/3O7;^M>=_%.-5B\/S#[Z:G&%;^[_G;7HJ
M_=%2S:G*7,U(XR]^(FF66J7>DFSOY;^W=8Q!#$K-*S+N&W#5?\.>,+#Q(T\,
M,=Q;7=MQ-;7,>V1*YGP\D)^,7B:0J/-$*8_)-W_LM22J(?CG;F`<W&F_O_\`
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M2JO@:10H`6>/:%^M4OBK!&W@O1H0NU#?0J=O\(\MZE)#G.:OKL:MG\3-*NM5
MM[*2SO[:.[.VWN9X=L<Q]C6MX@\56OA^:WMVLKZ\NKE6:.&TA\QFVUSGQ155
MM-!55``U.)5Q_#P:O:YXIU%?$\?A_0+"WN=0\GS99KI]L<*>^WYO[O\`WU18
MI5)*ZDS2T#QEI_B"YGLUANK2_MUW26MW'Y<BKZXJKK7Q!TS2M3.F0VUYJ-ZG
M^LALHO,,?^]7+Z;_`&N/C!#_`&U]B^UMIQQ]BW^7MRW][^*KGPA19],UC4)E
M'VZ?4&\]CU/RJW_H3-1RQ"-6<O=.DD\9Z7!X8BUV[CN;:)W:-8)(\3%E9EV[
M?7Y34&C^.['4]533+BRO]-NI5WPQWT/E^:O^S7/?$I[H>+/"D=O%'*WG2-'#
M*VV-Y,KMW4_4]'\7:]K6B7EUIMA;+IUTLQ>*YW,R[EW+_P".T[()59\W+'H=
M=9>([6_\0:AHL,4XN;%5:1F4!&W?W>:KR>+[./6M5TM;6]EN=-M_M$B1QAO,
M7:K;4^;YF^8<5A^&?^2K^*O^N<7_`*"M,T4[OC9XDQ_SZ1?^@14K#]I+E7J9
M_A/QS=77BS6(;JVU>>&YNHX[:/R/EM%W,O[SYOE^\O\`WS72>%YM#?Q#XDAT
MJQFM[N.Y4W[R-\LKL7^9?F/?=V%9G@$?\5MXW'_3W'_Z%+61I<TL%S\4)(3F
M6/<RX[';-39G"4HQ4I>?ZG177Q,TJ&^FM;"QU'4O(;;-+9P>9&O_``+-:&J^
M,;/2K/39ELK^ZEU&/S+>"WAWR$;5//I]X54^%L,$7@*P:!1F4R/(W]YM[#/_
M`([2>(?%%_!XC@T'0;"&ZU)HO-D>=ML<,>?\_P#CM*VMC53?)S-[E[0?&5CX
M@O9K%;>[LK^)=SVMY'Y<@'KBN?\`!$R6_C+QU-,ZHB74;,S=EW35G6O]M#XR
M:;_;7V$736#8^P>9Y;)^\^]N[_\`V-6?"UDNJ>(/B'IYD*+=2"%F'\.[SEIM
M&<9RE*/J_P`C7M/B/8WMW&EII&KRVDDHA6]6U_<[MVW[U=S7E&GZMK?PY@MM
M,URPCGT82>7%J%JW^KW,3\Z_Y_X%7J]*:2V-J$W)/F>H4445!N%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!
M1110`4444`,QE:YGP]X:FT77]?U%[B.1=3F61%5?N;=W7_OJNIQ13N2XINYR
MFD>%&L/$.OZC//'+#JA7]SMZ`;NO_?58MEX+\3>'S+:>']>MX]-=RT<=U#YC
M0^RUZ+13YB/91.?N="FOO!\NC7MY]IN);=HWN63;ND_O8_WJH>#?")\-:'<Z
M?=W"W<ES(SR2!<;EVJNW]*Z_%&*5Q^SCS7.&\"^!I/",M[+/>+<O.%1&"XV*
MN[C]:[CJ#1BEQ1)W'"$81Y4>=1^"];TG4+QO#6O0VFFWDC22120B3RF_V*S/
MAKI-I=)XLL&=KG3Y+KR%D+?ZQ?F^;=_>VE:Z"?X6Z1-)<%-2UBWAN&+200W(
M$9).>A4G]:Z;1M"L-!T]+'3H1%`IS@=2>Y/O5<RM8P5%\R=MCC+#PEXOT:U_
MLS2O$ELNGJ?W+7%ONEB7T]ZUM<\)7.JW'AN7[:"VE7"33.Z_--MV_P#Q-=?B
MBES&OLH\MCE_%7AJ7Q!/H\D5PD/V"\6X;<,[L?PU4\0>#[R[UV'7M#U%;#4H
MX_+??'NCF7T:NSQ11S#E2BSF-%TKQ!$US)K6KPW/FQ>7'%!#M2/_`&J?X+\.
MR^%_#R:;/<1SR"1I/,C7:/FKI*,4KCC32/.+'P-X@T/[38:+K\5OI<\C28DA
MW2P[O[O:M?PEX-_X1O2]1T^6X\^&ZF9E8<,$90/F_P!JNPQ28I\S(C0@C@/#
MG@[7-`@N-,;5K>;2&C=8X_)_>;F%7=,\#10^`SX9U"=9E(;][&NW:V[<I7_=
MX_*NSI,4N9CC1@CS67P+XIN].31;WQ)$^CQX7]W!B62-?NJ?_P!JMO7?!G]H
MQZ##8S1VT.DW$<BJR[MRKM^7_P`=KK\48HYF'L(',>,/#,OB6#3HX;E(OLEX
MEPVX9W;?X:Z8#"T[%%(M12=SR*/2]1OOBKXBFTC45LKVV6-E:2/=&ZLJ[E9:
MZOPOX3O-,UB\UO6;];[5;E?+WJNU8U_NK_WRM;-EX9LK#Q#J&M12W!N;\*)5
M9AL&``-HQGMW)K8P*MR,84+:ONV<OX+\,2^%M,NK6>YCG::[:<,B[0NY57'_
M`([699>`/+\-:UHUY=B1=1N6G5XUQL^Z1_X\M=Y14\S+]E'EL>:2^!_%%]H9
MT:_\10?8(XO+C$4'S2;?N^8W]WBM&\\$75SI/AJR6[B5M(DCDD;:WS[<?=KN
M<48I\S%["!S?C3P[+XH\//IT%Q'!(TBR>8Z[AQ4'C#PK+XET:QL8KE(FMKF.
M8LR]=JLO_LU=7BC&#1<ITU*]SF/%_AF7Q+!IT<-PD7V2\2X;<,[MO\-4-;\(
MZG)XG7Q!H&IQ6EV\/DS1SQ[TD7_.W_OFNWQ11S!*E%G!Z/X*U"R\7KX@U#5T
MO)C;M',/+V_-_L_W5QMJ.[\#ZOIVMW>I^%=7CLOMK;KBVGBWQ[O[RUWY&:`,
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M?]WK4^I>#=8_M6PUK2]8CCU6&U6VN#/'F.?`Y:N_Q1BCF8O80.!TWP5J,'C"
MV\07^KK>7"1,LR^7M^\"H"C^%:NZ;X1N].OO$]S'?B-]7;="Z+\T#?/\W_CU
M=EBBES,<:44><77@OQ-KGD6?B#Q!;SZ9%(LC1P6^QYMO]ZO1Z,44-ME0IJ&P
M4444BPHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
D@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`/__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>bdo.jpg
<TEXT>
begin 644 bdo.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0`\17AI9@``24DJ``@````!`#$!`@`9
M````&@````````!%1$=!4FEZ97(@4V]F='=A<F4@4W5I=&4`7?_;`$,``@$!
M`0$!`@$!`0("`@("!`,"`@("!00$`P0&!08&!@4&!@8'"0@&!PD'!@8("P@)
M"@H*"@H&"`L,"PH,"0H*"O_;`$,!`@("`@("!0,#!0H'!@<*"@H*"@H*"@H*
M"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"O_``!$(
M`$H`E@,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)
M"@O_Q`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1
MH0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-4
M55976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::G
MJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U
M]O?X^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"
M`0($!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2
M\!5B<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D
M969G:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2U
MMK>XN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,
M`P$``A$#$0`_`/U(_;,_X*M_!']B?XMVOP=^(_P\\7ZM=W?AZ/5XKC0+.SD@
M,4DMS&(\S741\S-M+QZ8YKKOV(_V]?AI^W=HFOZ[\-?!OB+1D\-W<=M=Q^(+
M:V223S8O,'E_9KB7/'<U^<W_``7W8-^W#HQ'_1,K#_TY:G7N7_!N@0/`?Q1!
M[ZWIO_I,]>1#'UEF/U8_<<R\/,@PWA+3XDA%_6'R:7T_B6/H[_@H)_P4P^%7
M_!-G2?#FL_&7X2^/-9TGQ->3VMIJG@ZQL;B.VNHQY@AE^U74.))(O-D'7(AD
MYKYK_P"(IG]AD<#X`?&K_P`$6C?_`"TJO_P=+_\`)DOP\/\`U6"V_P#3-JM?
MD9^Q;^Q]\3?VZ_CHG[/WPD\0Z#I^N2:-=:E!<^)9Y(K8QQ>5Y@_=12R?\M?^
M>=?J>1</93C<G>-Q3:M?;R/YKS',<72QGLJ9^O?_`!%,?L+C[OP`^-7_`((=
M&_\`EI7IO[-W_!P+_P`$[/VBO$\'@NY\8:_X"U.]E\O3X/B#I<=G'=R#TN89
M9K:+_MK+&:_.W7_^#9+_`(*'Z9IC7FE_$/X1ZE(D7%K#XAU".63_`*Y^;I_E
M#\:^%OC'\%OBE^S]\2=7^#/QM\$7OASQ'I$OEZCI6H&+]T/^NL7[J6*7_GK%
M^ZKNPO#?"^9-T\-6=SGJ9EFV%?[VF?UN!P0&'>OE7_@H#_P52^$7_!./4_"\
M?QM^$/Q#UJR\6173:5JGA'3-/N+99+;RO,AE^TWT4D<@\Q).(\$9.3Y<F/'O
M^#<[]J[Q9^T#^Q3??##XA:S)J.L?##7O['LKJXE\V:;1Y8HYK+S).YCS+;8_
MYYVL9[UYQ_P=1C'[/GPI/KX[N?\`TWS5\I@LIA_K"LNQ'>S/9Q.-_P"$[ZQ3
M.D_XBE_V%O\`H@/QK_\`!#HW_P`M:=%_P='_`+!TTB0R_`SXR1J?^6LVAZ.!
M']?^)I7Y#_L/?L5?%3]OGXV2_`/X/>(O#FFZO#H-UJWVOQ+>74=MY44L44L7
M[J*7][_I,5?4OC'_`(-I?^"CGAK0Y]3T;Q!\,/$;Q#,.EZ5XHNH[F7_KG]JL
M(HA^,M?7XGA[A#!XCV.(K-,\6EF.;5J7M*:/UF_9:_X*W?L&?MAZE%X5^$'Q
MQLH_$=PI\GPIXCMY--OY),?ZN*.<`71_Z]C*/>OIC*[1D<&OY)/C5\#_`(P?
ML\?$2?X6_'7X=:MX3\1V/[V73]5A\N3_`*92Q2_ZJ:+]U_K8OW7[JOUH_P""
M&'_!9+Q;\3O%6G_L3_M?^.)M4U:^A9/`'C34K@O<ZC+'UT^^E'^LE\O!BFDY
ME(\J7]Z8_.\C.^$%A,)]:P53VE([<%G+J5?9U]&?KJ3CDTA90,DTO45^1_\`
MP<._\%/?$?P^NW_8$^`7BJ:QU/4-.CN/B9K5A<%)+:UECS'I<4N?W4DL7[V7
MTBDBZB62OE\KR^OFN,6&I?\`#'K8C$TL+1]I,]J_;9_X.$?V1_V6/$E[\//A
M+I5Y\5_%=E*8[R'P[J<5OI%K)VBEOB)<RX/2VBFP?];Y=?(US_P=,_M,OJ_G
M6/[+?@:.P\W'V6;5[Z27_OZ!_P"TJ^*_V`_V!?C)_P`%!_C4OP;^$,<6F:9I
ML45QXH\5W</F6.@VO_+*7_IK++Y<GE6O_+4QR#]U%'++%^NWA[_@V9_8'TWP
M(_AOQ#XE^(NI:QY(W>)CXECMIO,[F.**'ROPECEZ\^97W.)P7".0OZOB+U*A
MX-/$9MCE[2GL8G[*W_!S%^S#\6=:MO"'[2OPWU7X5W=S*8X=8:[_`+6TCV\R
M:***6'W)B,47_+245^C_`(>\1:#XQT&T\5^%M:MM1TS4K6.YL-0L9?-BN8I`
M)(Y(Y(SB2,@\8ZCV-?SD?\%2?^"3/Q3_`.";_BBTUJ'69O%?PYUV\^SZ#XK-
MEY<EM<Y,GV"]C'$4OE#]U+GRI?*DSY.?*KU3_@A/_P`%2_%/[+?QBT?]DOXP
M>(7N?A9XQU,6>C?;9,CPOJMS-^ZEC'_+*UN9I!'+%_JHI9?-_=?Z5YO)F7#.
M7XG+_KV5.ZZK^M33#9K6I5O88P_?RB@'(S17P1]&C\9?^"_7_)\ND_\`9,[#
M_P!.6I5[?_P;H_\`(D?%`?\`49T__P!)GKQ#_@OU_P`GS:3_`-DSL/\`TY:E
M7M__``;H?\B3\3_^PSI__I,]?/4?^1X_3]#^KLZ_Y1XI?X8?^G2G_P`'2O\`
MR9%\//\`LL%K_P"F;5:^'_\`@W&.W_@IMI9_ZD/6/_:-?<'_``=+\?L2_#P?
M]5?MO_3-JM?C9^SS^T]\9_V1/B0GQE^`GC>/PWXCCTV6RAU&33K:X/E2_P"M
MB\NZBEC'^JK]WX>P];%<(5,/3WGSG\0YC5]CFZJ']9&WG<>*_`[_`(.:/$?A
M#5OV_M`T+0Y8)-2T;X86%MK<T<XQ')+?7TL43@=)!%*9/^WF(]Z\:U?_`(+K
M?\%4?$5FVG3?MESVR.ODR_V?X3T..3\9(K#S(S[Q\UX5\/O^$(^,GQG_`+5_
M:E^/FOZ)8:S>?:?$?C:;2+K7[Z67_GKY?F^;++_TU_\`1O\`JJYN'^&,9DV,
M^M8FHK+MK^AIF.:4L=1]E3/UX_X-9OAQJFC_```^*GQ4O8I(K77?&MKIMF)?
M^6OV*U\R27\[[RO^V-._X.H_^3>/A0/^J@7/_IOEK[6_X)XP?LCZ9^R7X4\+
M?L0^,+#7/A_HMH+;2=0M+LRR22L?-N?M(X>*ZDED,LL<D<9$DO\`JQG%?%/_
M``=1_P#)O/PH_P"R@7/_`*;YJ\#`8IXSC*-9JUWU]&>CB::I9)[/R/D__@VG
M_P"4D]Q_V2S6/_2O3Z_H!7J/I7\__P#P;3_\I)[C_LEFL?\`I7I]?T`+U'TI
M\<?\CW_MQ#R!?[$?+O\`P54_8!\*?\%`?V7]3\%)H]M_PF^@VT^H?#S6G&U[
M6^\O_CU,W:WN?+$4H[`QRX\R&(C^:?0M>\1^'-4T_P`5>'=5OM)UC2[R*]TW
M48OW=S8744OFQ2Q?\\I8I:_KZXQM`X(K^5?]OWPA:>!/V[/C-X/TZ&*.UM?B
MEKOV6*#_`)91RW\LL<7_`'ZEKV.`,95K2JX*>S5_\SAS[#ZTZB/Z0_V4?VJO
M#GQY_8D\'_M=Z_<VMA;ZKX)CUGQ%Y7,=A-'%_IT7_;*6.:/_`+95_,+\:OC)
MXH_:"^+OBOX]^/)0-3\8Z[=:S=B6;S/)\V7S?*_ZY11?NO\`KE%7[#_L.>+=
M1T[_`(-D_B#,P`-AX!\?V=E)CJ99M0Y_[^SR?E7XLV6FP:Q?V^ASS^5'?S16
MTTW_`#R\W]U7H<*8&E@L7C7VGR(YLUQ%6K2PZ/Z0?^"+G[(6D_LB?L(>#K2[
MTN*'Q1XVLXO$GBZ5H<2_:KN(216LA_Z=K8PPX]8G/_+2OKY1CK4%I#!9V\<$
M,*1QQ@)%''5@$'I7Y=C,35Q6+J5ZG4^LI4E2H\B/,?VN_P!G#P9^UO\`LY>+
MOV<_'R*MCXKTB2VBN_*WFSN03);7,>>LD4R12CWC%?RH^)/#>N>&]4U#P=XQ
MTK[-J%A>2V6L6G_/*ZBE\J6+_O[7]?3'<,=B*_EH_P""D>D6&A?\%"OC=I=@
M?W7_``M/6+G_`+:RW4LLO_D66OO>`<35>(JX;HT?.<14K>SJ']"__!,;]HO5
M?VI_V!?AA\<?$^JR2ZKJ7A[['KE],PS<W]E-)8W,W/\`STFMI9/H:*\`_P"#
M:G5=1U#_`()M065Z<1:?XZUFWLO^N7F1RG_R)++17PF=8"E1S:M!;*3_`#/H
M,#6=7"0EY'S-_P`%^O\`D^;2?^R9V'_IRU*O;_\`@W1_Y$CXH?\`89T__P!)
M7KQ#_@OU_P`GRZ1_V3.P_P#3EJ5>W_\`!NC_`,B1\3_^PSI__I,]?+4?^1X_
M3]#^MLZT^CQ2_P`,/_3I3_X.ECG]B/X>'_JL%M_Z9M5KX/\`^#?'PCX7\=?\
M%(K#P]XU\*Z;JUA)X$UB3^S]6M(KB+S<PY_=R@U]X?\`!TJ/^,(_AY_V6"U_
M],VJU\T?\&V_[(OQZU+]I7_ALJ?P8UA\/K+PWJ>DV6MZF3$-4NI9H>+&,?ZR
M./RY!)-_JL_NN91+Y7[3EM>E1X,J7=F^?[V?Q3B*7M<[1^P^L_LB_LJ>(+*3
M2]:_9H^'UY:RC][;77@NQDCD^H,6#7Y6_P#!=O\`X)!_`7X(?`^?]M3]F'PC
M9^#X]&U"UM?&WA33OW6FRVUS=Q6L5U;1?\NLL<DL47E18B\J0\?N\2?LOO3&
M-P_.OS._X.*_VTO@KX6_9!UC]C[1/&UE?^.O&&LZ8E[H=C>K+<Z386UU#?R7
M5R.?)$GV:.&+S<&4R'R\^7*8_EN'\1F/]K4HTF]U]W7\#U<PIX/ZI4YSX+_X
M(!?M1^+O@+_P4'\/_"V'59!X8^*?FZ+KMAY_[L7,44LMC=>7_P`]?-B\K_KE
M=2>E?:O_``=2G/[._P`)S_U4"Y_]-\U?G7_P1A^&VJ?$_P#X*@?"'2-+@F\K
M3-=FUF\F'6**QM)9?WG_`&UCBB_[:U^BG_!U)_R;O\)_^R@7/_IOFK[',:="
M/&V']G\_Q/&PUWD=0^3_`/@VF_Y24S_]DLUC_P!*]/K^@+WK\-_^#:C]F#XZ
M/^TC??M>WO@&YLOA\_A"_P!&L_$&H+Y?]J7,EW:G_1N1YL<?V6422_ZK/[O!
MD!K]LO$?B+PYX0T:?Q#XHURSTS3[6+?=ZAJ%VD4448[R22'@>YKYKC.I2Q&?
M-TM>AZ.36I9?J:4CB"$S3'D#M7\H7[6_Q9TOX[?M6?$OXS^';C[5I?B?X@ZS
MJ.CS?\]K"6ZE^R_^0O*K]2/^"R?_``7.^%NM?##7/V1_V(O&L'B&[\1V<NG^
M+_'^E3"2QL;&;]W-;6,@_P"/J66,_P#'U%^ZBBDS%*9?]5^87[&?[)_C[]MC
M]I/PQ^S?\.K>ZCDUB\\S6-5LX?\`D#:7'_Q\W\O_`%RB_P!5_P`]998HO^6M
M?2<'9=5RK"U<PQG[M6T/.SG$?6JU/#TC]J/V$?V;_%>M?\&\Y^",&EJ==\<_
M"7Q/<:9#Y?\`K7U7[?=6.?\`ME<6_P"5?@")I[S2_/L9_+DEA_<RU_7CX-\'
M>&O`'A#2_A]X2TB&PTC1=.BL-*T^`?N[>VAC$<48'H(P!^%?S1?\%6OV.=4_
M8H_;<\7_``TM])^R^&-8O)=>\"R108CDTRZEEE\J,=OLLOF6N.O[J*7_`):U
M/!V:_6LQQ-)_\O+S_,,YP7LJ-)]C^CK]FOXQ:)^T+\`/!/QV\.,B67B_PM9:
MO#!$1B/[3#'+Y1]X\[/PKOJ_%O\`X-\/^"HG@CX;Z*/V"_VB/&-MH=E-JDMU
M\-=9U6416S2W,OG2:7)+_P`L3+-(\L1E_P!;+++%P?)CD_:,NN"0PKX;.<LK
M97F%2E47H>]@L2L314RK?7UEIMG+?WEQ'%;Q0[Y999,1HGK7\G/[1_Q3@^._
M[1?Q`^-UAYOV?QCXVU36K.*;_EE:W5U++%%_WZEBK]E_^"^W_!4CP/\`!WX-
MZU^Q;\$O%L-]\0/&%G]@\7OITX<>'='FSYT,T@/[J[N8R8HXO]9'%+)-^[Q#
MYGX^?LA?LP>-OVR/VCO"G[-'P\,D4_B+4O+O=1BA_P"0581?O;JZ_P"V47F_
M]=9?*B_Y:U]OP5@UE^#JX_$Z(\'.<3];K4\/3/WT_P"""OPKO?A=_P`$O/AP
MFJV`M[WQ$NH:],/^>T5W?326LGXVIMJ*^J_!G@7P=X`\$:3\._"FF1Z=HVA:
M;;Z?I-A;\);6\,8CBC'T0`?A17YUCI_7\9/$/[3;/HZ-)TJ2AV/R!_X+YN7_
M`&X='RN-OPRL``?0:EJ5>X?\&Z3L/`_Q/51UUK3LY_Z]GKQ/_@O)I^IZ[^WM
MX=T31=,NKZ_O/ASI=K;6-C%+)+=S2:CJ7EQQ11?ZR3-?3W_!,3X3^&?^"=GP
MLU2S_:F^-'@_PUXH\;36VI+X<U'Q+;V\EE;Q1B-`6EEQ-(-H\PQ_N\Y`+]3\
MWAZ+_MFI5MI_P#^JL\S'#KP,P>6N7[VI"+ITUO95;MGK/_!37X(?`#XO?!?0
M_$'[2_PO\?\`CGP]X$\8Q>)+?P-\._#5UJU[XBO8[2[M8;22WM(C*T6;G/6*
M/,<?G2B+S`?QV_;M\<_\%7?VY_$-IH^J_L/_`!G\'_#WPX2G@OX:>&_A=K,>
MFZ7''&8X_-\JUB^U2>5^Z$G_`"QZ0Q1>;+7[L?\`#:G['?4?M/\`P^Y]?&%E
M_P#':0_MJ_LA`\?M1_#S`_ZF^R_^.U]IEF>QRR2DJ:J6VOT/Y<QG#>:XK_EW
M47_;A_-0/V(?V_?)>'_ABOXY^7-_K8O^%6Z]S_Y*UN?"[_@E?_P43^*.L)X8
M\$?L1?$.RD`SYOB7PW+H%M%])+_RHS7]'H_;7_8\[_M0_#__`,+"R_\`CM'_
M``VQ^QY_T=#\/_\`PL;+_P".U]"N/\4O@I4U\O\`@G#_`*EX_P#Y]U/_```^
M9?\`@CW_`,$B;?\`X)V:%J/Q,^*7B'3]>^)_B6W%G?W6E[A9Z/I_F"4V-K)*
M/-E\R5(Y99<1B7R8?W0\K,G;?\%1_@/^SW\5/ASX6^)'[1_PB^('Q&TCP#K\
MVI:?\.?ASX:N]6NM?OY+62**"6*TB+FV&3DR&*$GR_-D\K,<GL7_``VG^QVW
MW?VG_A\/][QA9?\`QV@?MK?L@1\?\-1_#W_@/B^R_P#CM?*5<VK5LP>+G4_>
M,]6.0YA2H^QAAY_^`?\``/P;_;F\3?\`!5W]NCQ+:Q>*?V'OC!X8\#:"3'X.
M^&WAWX5Z[%IFC111&./I:Q?:I!$3%YOE?]<HHH\Q5X(?V`OVXM0D1KG]A7XS
M2./]49OA/K/'_DK7],#?MM?L?#K^U!\/S]/%]E_\=I4_;9_8](P/VH/A^/KX
MPLO_`([7TN$XXG@Z"I4Z5.QY57@S,ZSYYPJ?^`'X/?LX?\$"_P#@HY\?=8MS
MXI^%=M\.=#E_UNM^-;R*.6.+_IE8Q>;<^;_UU\K_`*ZU^SO_``3L_P"";?P&
M_P""<GP[G\+?#+3[G5_$6KQ1'Q/XUU2'=?:I)'P(\X_<V\7(BA!(`.29)3)+
M)Z%_PVE^Q\.G[4/P\_\`"PLO_CM'_#:G['F/F_:@^'Q_[F^R_P#CM>1FG%./
MS6ER5JGN=EL=N#X8Q6$^##S_`/`/^`>H[F/4;:^</^"CO_!.WX4_\%&/@J?A
MUX\C.D:]I4SW'A'Q=:6P>ZT:ZV]1SB:VDPHEAX$@$9!CEBBEB[[_`(;5_8\;
M@_M0?#[_`,*^R_\`CM`_;3_8[_Z.?^'O_A867_QVO)PV*>%K*K3GJCLJY+F%
M:ER3P\__``!G\V?[8/\`P3W_`&L?V&]=N-#_`&B/A/<6^CB79:>,-.AEN=#O
MP>GEW/\`RR_ZY2^5+_TRKG-#_;-_:X\+^#XO`GA;]KGXEZ=H,,/V>#1=/^(&
MJ1VT,?3RHHXI?W,7_3*OZ:I_VT/V-IXWM[C]I_X=NC_ZR.3QA9?_`!VO-K]O
M^"/NJZP/$VJ6G[.UQJ'W_P"T)K?0WE^OF$9K[>GQS&K17UVBI-'A5.#,T7\.
M%1?]N'\\7[+_`.R%^TA^V3XM'@[]F?X3:MXHD-YY6HZK%#Y>F6/_`$UN;Z7]
MU%_W]\V7_EEYM?OW_P`$I?\`@E1\//\`@G)\.+B\U&_@\1_$KQ%:Q?\`"5^*
MTMRL<,8/&GV(.#%:QD=?]9-)^]E_Y911>R:1^U]^Q;X<L(M+T?\`:3^'%I:6
MT?EPVUMXJL8XXQZ`"3BK@_;6_8\8_P#)T'P^^I\7V7_QVO)SKBO$9M1]G#]W
M2[?YG;@^%,=A'S^PJ7_P'J?4<BBL'P;XN\&?$OP[!XI\&^(--UW2;L;[34=-
MNHKJVD`^4[)(R0W2BOF[,['3G2?)+='R?_P4`U;P]^SK\3$_:@^%_P"S-XI^
M(WQBOO"\.B>&)K#PQ?:AINB6\<UR\ES+);Q%89#]JD&!()94Q&/*C,LM?E=\
M1_@G^W3\9_&NI?%'XF?L^_%G6M<U>?=J&H7/P]U+S)#Z?\>O[J/_`)Y11?NH
MJ_H;DC0Q@%!SUX^E1RQQPB1HD"G(Y48K@Q>`^L1]Z;/T_A#Q.Q'!V'?L<)"K
M56G/.4F^3_GVEM&/H?SG_P##(_[6'_1IGQ._\-[J7_R+1_PR/^UA_P!&F?$[
M_P`-[J7_`,BU_1L(XR,F-?RH\J+_`)YK^5</]A4/YV?;_P#$Q>??]`5+[Y'\
MY/\`PR/^UA_T:9\3O_#>ZE_\BT?\,C_M8?\`1IGQ._\`#>ZE_P#(M?T;>5%_
MSS7\J/*B_P">:_E1_85#^=A_Q,7G_P#T!4OOD?SD_P##(_[6'_1IGQ._\-[J
M7_R+1_PR/^UA_P!&F?$[_P`-[J7_`,BU_1MY47_/-?RH\J+_`)YK^5']A4/Y
MV'_$Q>?_`/0%2^^1_.3_`,,C_M8?]&F?$[_PWNI?_(M'_#(_[6'_`$:9\3O_
M``WNI?\`R+7]&WE1?\\U_*CRHO\`GFOY4O["P_\`.P_XF+S_`/Z`J7WR/YR?
M^&1_VL/^C3/B=_X;W4O_`)%H_P"&1_VL/^C3/B=_X;W4O_D6OZ-O*B_YYK^5
M'E1?\\U_*G_85#^=A_Q,7G__`$!4OOD?SD_\,C_M8?\`1IGQ._\`#>ZE_P#(
MM'_#(_[6'_1IGQ._\-[J7_R+7]&WE1?\\U_*CRHO^>:_E1_85#^=A_Q,7G__
M`$!4OOD?SD_\,C_M8?\`1IGQ._\`#>ZE_P#(M'_#(_[6'_1IGQ._\-[J7_R+
M7]&WE1?\\U_*CRHO^>:_E1_85#^=A_Q,7G__`$!4OOD?SD_\,C_M8?\`1IGQ
M._\`#>ZE_P#(M'_#(_[6'_1IGQ._\-[J7_R+7]&WE1?\\U_*CRHO^>:_]\T+
M(J'\[&OI%Y__`-`5+[Y'S3_P29\-^*OA_P#L!>`/#7C3PEJNCZI;IJ1NM*U7
M3I+6ZMR^I7+@20RG>G!!P>Q%%?1]JJB!`%`X/;WHKUZ=*-."CV/YZSO,L1FF
0<XC&STE5G*;2V3D[O\S_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>bdo1.jpg
<TEXT>
begin 644 bdo1.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!P17AI9@``24DJ``@````$`!H!!0`!
M````/@```!L!!0`!````1@```"@!`P`!`````@#`P#$!`@`9````3@``````
M``!@`````0```&`````!````141'05)I>F5R(%-O9G1W87)E(%-U:71E``#_
MVP!#``(!`0$!`0(!`0$"`@("`@0#`@("`@4$!`,$!@4&!@8%!@8&!PD(!@<)
M!P8&"`L("0H*"@H*!@@+#`L*#`D*"@K_VP!#`0("`@("`@4#`P4*!P8'"@H*
M"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*
M"@K_P``1"`"5`*H#`2(``A$!`Q$!_\0`'P```04!`0$!`0$```````````$"
M`P0%!@<("0H+_\0`M1```@$#`P($`P4%!`0```%]`0(#``01!1(A,4$&$U%A
M!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%
M1D=(24I35%565UA96F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9
MFJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?H
MZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!`0$!`0````````$"`P0%!@<("0H+
M_\0`M1$``@$"!`0#!`<%!`0``0)W``$"`Q$$!2$Q!A)!40=A<1,B,H$(%$*1
MH;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF)R@I*C4V-S@Y.D-$149'2$E*4U15
M5E=865IC9&5F9VAI:G-T=79W>'EZ@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::G
MJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W
M^/GZ_]H`#`,!``(1`Q$`/P#]_***\U_;-UW7/"W['WQ7\3>&=9N].U+3OAKK
MMUI^H6%PT,]K/'I\[QRQR(0R.K`,K*000"#D4I/EBV=.#PTL9BZ=!.SG)1OV
MN['I5%?C+\;I?CK\./\`@E;\-OVU]#_;=^.;>+_&&O06.I6MU\4KYK%4?[=G
MRX@P<-_HR=7/\7X?)/\`PW5^V[_T>/\`%7_PX6I?_'Z\ZIF,:;2<=U?[S]JR
MCP0QN=TJE3#8Z%J=2=-WA)>]!VE;7:^SZG]*%%?SAVW[6?\`P45O;?1KNQ_:
M0^-T\7B34SIOAR6'Q;K#)JUZ&1#:VK"3%Q,&DC4QQEF!D48RPS^IW_!';5/'
MNB^,OB!\(_CC^TYXQ^(7Q%T33=-G\7Z=JGBJ;5-*\+R227*KIL,DLC[[U/+;
M[2\9V*VR($F)C6E#'1KS45&QY/%GA+BN$\IGC:N,A4<?LQC*]N91;;V2BY)-
MO3F:CNT?=U%%%=Q^1!1110`4444`%%%%`!1110`4444`%%%%`!1110`5Y5^W
M8"?V(?C(`<'_`(55XAP?3_B6W%>JUY3^W<`W[#_QE4G&?A3XBY]/^)9<5%3^
M&_0]3)/^1UAO^OD/_2D?!7Q<^'MQ\2/^#>KPOJ'P:T;Q!I5O96D&NZSHNGZ[
M<W\$]O9R3_;FF>YF'E6@\J2\\E0426.-$CSAJ_*:OU&_:UO_`-I?XZ_\$<?`
M%SK'PA\#:%X7TWPY97ZZCJ_CB[MM4@BTVQE1?*M9(8$GGNHHY"D6Z92DA"HS
M%)4_+FOGL9;FC;^5']K>%ZK1P&/]I)-O%5I<JDIN-WM*:D^9Z?:M+3JFCUS]
MG/\`:K_:[_9^\*:]\//V=?&6OZ?8_$1DT7[/I=K)+(VH.T05M/903#J#1NL`
M>'][LN%(`D6WDB_2O_@A/\#_``+^SOXY^)?POO\`Q>^I_$JVTG29/'NGZ;)'
M)IOA\F6[$.F"5<^=>1D2FX*DQHSK&,LCD_F3\`_VC_VF?@KX>U/P9\"]5U"*
M'Q=?)8Z>;72C<W%GK#H(%N-+DVEK74WMKB2T$L!$IAO&`^<0R1_IM_P0G^!W
M@G]GCQQ\2_AGJ?C&34_B7!I.DR^/-,TYXY--\/YEN_)TWS5R9KU")6N"I,:%
MUC!+(Y.N!=ZT>MN_3T]3Y[Q;A&APOF%E"G[3D?N*\ZO+.FN:J^5<L*=^5:N\
MG'WH_#+]':***]\_C8****`"BBB@`HHHH`****`"BBB@`HHHH`****`"O*?V
M[U+_`+#WQE0=_A3XB'_E,N*]6KRG]N[=_P`,/_&79U_X53XBQ]?[,N*BI_#?
MH>IDG_(ZPW_7R'_I2/@+_@H9XPTCXP_\$)/@WXYTMH["&TO?#\*VNJSHDUQ)
M;6EU9.L(4L)&+HT@4'/EJS'!4BORNK]#/VD?V_?V'_$/_!);0_V*O@[?^)7\
M46>DZ)']@CM;^"UM[R.:.YO9)I975;B+>+@",F1?,DB9$`C5X_SSKYW&2C*I
M%IWT1_;WAG@L7E^48JC7H3I+ZS6<%-6;A)IQ=NVMK]TSUGX(?MA_M"?"?P5<
M?!+X2W5A<7&HWQ'A6\.AI=ZWX;O;L"WG?1)Q^]LKB[C(MW,89B&!B\N4^97Z
MD?\`!$?]E7P]^R=K'CCP?XW\?+=?%?4M$TF^\9>$;)UD@\-V;O<FS@FD4'==
MN3,\@W8"E`!_&_YF?LQ_\%`?BS^RIX3U3POX.T'POJ]Q#%<7/@?5O$6C0W=W
MX)U.X58I]1T]I%8JTEOYB-$W[MG$4C!E22*?]&/^"$GP0\5_"3QM\2M?^-/C
MZ2?XC>+-(TG5O$'A2^,D^HZ9:RRW<D%SJ$SDE;JX+RR&!OWBH$=\&3:-\"TZ
MT>OZ:?G^GX?(>+=*O0X9Q_N0H0GROW?>G7:G#67NKDIP3O+O4?Q).]7]'J**
M*]X_CP****`"BBB@`HHHH`****`"BBB@`HHHH`****`"N"_:I\">)?BE^S!\
M1_AEX,M([C6/$?@+6-+TF"698UDN;BRFBB4NW"@NZ@L>!G)KO:S/&GC'PM\.
MO!VK?$'QSKUMI>B:%ID^H:QJ=Y)LAL[6&-I)9G;^%$168GL`:.5S]U=3;#8F
M>#Q$,1&UX-25]KIWU\C\)-6_X(?_`/!1+0-*N==UWX<>&[*QLK=Y[R\N_&UC
M'%!$BEGD=V<!55026)``!)K%^&O_``2(_;0^,^BS>)/A#8>!O%&G6]Y+:SWV
M@?$33KN*.>-V22,M'(0&5E88]N..:_8+XK?&?]D_]NS]F;XE?L^>`/VI/"UL
M/&OP]U719M3:Y1GL;>_TN;%\+>5XFFB6!VGR&5&2-CO`!8?DCX*_X)9_MA>)
M?#7BO7?#'_!1']E_[+XM\,1>!=4U'2O$UUIL872;_3I"\)M;.!);N-]+M[=[
MEUD9XFD5B2RLO=E_">7XJE/ZQ6=*2:T:>S^7KUZ>>GZCC?I)<=X><70P]"I%
MI[1ENMM?:_I^1ZE\+OV7_P#@H;^QUX1NOACXS^&/P1NKF1CJGPZN?B-XIT26
M[\'ZN9HMVJZ<+ELEBL?^K.8_/2"4Y$<D4_U-_P`$:/V'OVO/V5?B?\4_B!^U
M9I,8N_&EMISQZI)XCCU&XO[I)KN2>29U9F+DS*2S'+%CZ5^>&H_\&_7[37CO
M3-,G^*W_``4@^!VHZ'I$-_;Z)<7GCN]OHX+HQ-<+:Q^;"@C26X,/FE7W1I*T
MH21E6-_OO_@A-\$M>^"6N_%O0?C-\:?"GB3Q\=4MH[/0O"?Q%O->M]!\+I+<
M_P!G11BXGF,,#R-=/#YCO<&-E$S;P0.W&<+Y7@<+[>ABW4E#IRV6KM_P^]M%
MV/DL9XS<4<2T,3@,7@*-&.*MSSBI<SY6I]9M*[BM+)-N4K<S;/COXG?#3_@O
M++\</B=K?PX\7?M(?9YO$?B6+PUIQUZ6WTV#3Y+F]99[4R&>.X0:;&T4$1%I
M-'=WEE);NYMR&]+_`&P]._X+/Q?LS:7\.OV8/$/Q_P!2M=$^*M]'X1URZLXX
M?$VM>'8K&W9+C6[I6@F5EO);J.&/R%$\2[IN88FDYOXH_`3_`(*4:U\0-!^'
M'[.4=HFM^%?C'\1-:;4]`^/.AVFJZAI^N7$\;6EFDCW#6<\>G^=MGDA=K:63
M>L.80QQ_^"MW["?_``4GN/BDG[2VA>,I/"7@9/AEX3T/Q=K_`(K^+UI$BWL;
MVJO%>2YA6Y8WZ6Q,HA19I55E09"C[6E4HU<50C.5!;M72>J=DFN;JM8^;:M?
M4_%JT*M/#UG"-5WTTNO-M.W1Z/R2Z:&;XQD_X+V7WP_NTLM:_:MF\1-X1-SI
M5O8Z1IT%FGB+4KEDUA+F<>5*ME#9-+]ABB24V]Q)"\,EN+<!OVC_`&;X?&]M
M^SQX"M_B:;X^)(_!>EKXA.J2%[G[<+2(3^<Q)+2>9OW$DY;-?B1K/_!*G_@J
M_P"$?&7B;XE?'R31?">G&X\1R^.OCKI?Q%5HK?2M2:2'5M5N=+N+@V\EK%ID
M^I-#;VL&GSQO/%(90T`C/O7_``2]_P"">_[6/P]_:S^&'[1^J_`&[\&^#8+:
M&YU2>'XO6?BRQU2%_#.HVOVZ.:9A>6S3WEU%,8(3+;2K.F5B-C$\WG9UA\#B
M\&Y1K4ER)R7(HJ[M\/Q=;::-W;YDM+]^5UL5A\0KTJCYK)\S>BO\6W3KJE9*
MS?3]<:***^`/L`HHHH`****`"BBB@`HHHH`****`"O+?VX])\):_^Q3\8-"\
M?>,G\.:%>_"WQ!!K7B%-+>^;2[1]-N%FNA;1LKW!C0L_E*P9]NT$$YKU*N7^
M-_PF\._'OX+>+_@7XOO[ZUTGQIX7U#0=4NM,D1+F&WO+:2WD>)I$=%D"2,5+
M(R@@95AP=L/-4\1"3=DFG^)G6BYT912O=,_!7P%_P3B_X)Z>*O@1K.M>-?\`
M@KS9Z/=:YJ>EVOA?QG\2?@Y?:'=P6%M9W8N+2Q34-122XM+B&^@5VB81!8%0
MAMV%KW'_``1Z_P""8&K>"+75['_@O#X`EAT2X$&L75WX:MY;4/</(\"00C5%
M:WRD,N[YY-S*6^3A3]Z^.?\`@V#_`&./B;?6^I_$7]K#]H37+BST^"PLIM5\
M7Z1.;:UAB2&&"/?I1V1I'&BA5P`%%9W[0'_!KM^R5\8_&%AXV\+_`+0?Q"\/
M70ETBVUF"2#3+F"XTVSLX;.2.W2.UA-O=RQVZ/\`:',T:R-(Q@<,%7]&AQ+A
M.?\`WZHKZO\`=P=ME;X.WDE?6Q\1/(L1R6^J0=M%[\_GU[_\.?(GQ/\`^"27
M_!%RU^)L]MIW_!9+PWX;\-2>*4U0>#VEL[I[31[B*"5;."Y>X.+C86V7DD<N
M(VA62&1HG>7[,_X(,?L+_LW?L<>,/B'J/P)_X*!>%?C5/XI\.Z+/>6?AO0([
M(Z9;++>^3.^R^N=RRL95`(4CR3USQ+HW_!KE_P`$YM"\33^(+3QG\3Y8)]#O
M=.72+W6=,N+6)[C3I;(WB"73V<7,;RF\B8N5CN8XV";$$5>Y_P#!+;_@D]\)
MO^"7?AGQCI?@CQQ>^*M4\7ZY]HN-=U33(;>XAL(MPM+(F/._RU=B[Y"O([NL
M<0(0>9FN>8?$Y7.A#%U)MJ/NRA%)ZWW2NK6OO=Z;GH9?E-:ACHUIX>$=]8RD
MVM.STU]-#\P_CM_P1L\=?&CX]_$O7/`G[?7P9\+>,/"7Q-U%#X9DUO5;-;&W
MU.2;43--?3*62^=+N)9+>VB-OAC^\5MR-R,7_!&W]H;Q+JUU\)]6_P""@7[-
MVM:AHND/_;VF:C\8_$#F?[8)A97<Z;0GF02!980@6,O;Q^=',I97_13QU_P;
M?_L3^._BSK_QON_B_P#%BT\2>)Y_$#ZY>Q:SI5PMRNL1W4-S'LN]-F5`D%W+
M#"4"O&`C[C(@DKC-#_X-5/V"?#5V]_H/[0?QPM9I+*ZLWDBUW0\F"YMY+>>/
MG2.CPRR(?9S7H4N)\-&DHO%/1*W[I:/KJGMU777NM>*KP_6E5<O8K5N_OO:^
MFEGKWZ?>?#OP<_X)N6_C'QW\2_V=[/\`X*C_``\\3?%3P[X;CM6\,^+-2UA/
M#LHO[2[L=3S/<0JMU):K>65U9W=NT@6YA"S6P5E=/U7_`.",?_!//XW_`/!.
MK]GO7OAO\??B_IWBS6]=\3'4(UT>XNI[73K=+>*WC@CEN0CN"L0<@1H%+;1N
MQN/@EK_P:@?\$]K.Y@N8_CG\:V-O,DD:/KNB%<J01Q_9/3BOT\KQN(,]AC**
MHX>LYQE9RO!1::M:UNC=W;==V>GDV42PE7VE:FHRC=*TG*Z>][]5H@HHHKX\
M^E"BBB@`HHHH`****`"BBB@`HHHH`****`,30?B5\.?%/]B_\(QX_P!$U'_A
M)-$?6?#OV#589O[4TY?(W7MML8^?;C[5:YE3*#[3#S^\7)J'Q*^'.DZ7XBUS
M5?'^B6UEX0W_`/"6WEQJL*1:)LM8[M_M;EL6VVVFBG/F%<12I(?E8$_"'A?P
M+^WM:?LU_#'X-V?[(GQ0TC_A7?[/47A+7=/M_BEI>EQ:KKPO/"\,-Y:/H_B&
M">;[+;V6K7`66>Q,T1>U\^'[8Y'E_P"S=^R#_P`%4/!'PM^-,+^%_BAH'Q`\
M6ZWXSU'3_$FM?%R*>UU71I_#$EAHFGP0MK^HO9ZO'J46ERI>2N9(;6Q,3:G(
MH$4WMQRO#.,I.O%6>BYHZZ[[]O)]/.WD2S'$*44J,G=;VEIIZ=_/]+_I_P"&
M/B5\.?&VJ7VA^#/'^B:O>Z7G^TK/3-5AN);3%U=6A\U$8F/%S97L!W`?O;2>
M/[T3A;VO^)?#GA2QCU3Q3K]EIMM+>VUG%<ZA=)#&]S<SI;V\(9R`9)9Y8HD3
MJ[R(J@LP!^`M"_8M_:HL?VM/!/Q,\7>`/&M[X2\,?&O4=<M--T#XEK:6MG!J
M.O\`Q&N)M2:S3488I?W6J^&))\H\[VLDML$E'VJV/4:!\*_VFOC):>(]"G\:
M7OB[0_AS\7?"FA^$,^(97AGM-,^($.LZC=-/,RKJDEIHT6D:=)<7#S727^B:
MO`I,LD\EYC4P&'C4]VJG'2^W5V[_`#=[?.QI#&UW#WJ33UMOT5^WR5K_`"N?
M:OAKQ+X<\9^'-/\`&'@_7[+5M(U:RBO-+U33;I)[:\MI4#Q312H2LD;HRLKJ
M2&!!!(-&@>)?#GBNQDU3PMK]EJ5M%>W-G+<Z?=)-&ES;3O;W$)9"0)(IXI8G
M3JCQNK`,I`^'/^&0_P!M'Q[X%\"_\+,\6?%"#6]%^%_P>TK5?[%^-^HZ;YFH
MPZY<?\)H\_V#4HDNK@Z:T>^Y?>\G'V>1I%XY?PQ^Q9^V_P##?Q-\8];^'J?$
M--?\3>%X[#PSXL\1?%BZUN.32K/QYKL[Z4J7&MI<+=S^&[C3TLY1);&!Y;C_
M`$_3KB:>9G]0PK3_`'RNFETMK;6]]DGJ[=&K!]=Q*:_<NUF^M^O2V[MHK]4[
MGZ%Z_P")?#GA2QCU3Q3K]EIMM+>VUG%<ZA=)#&]S<SI;V\(9R`9)9Y8HD3J[
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M*R1NC*RNI(8$$$@U\'_"KX0_M-?M"O\``G]J[XP:MXH\?W_A_P"+MAYMYX0\
M;RZ3IW]AVOA:[TJXUV.R2YLK*[M+K7VN=2CN(HY;B[TC488PKP2&Q3SVQ_8\
M_P""J'P6^'/PN^''P.U_QKI7A+P]\%/#)UO1;#Q/%KNHZ=\0!#-%=3VRWOB+
M38FL+2*V@0V$EW-I+/<0[--N09Y+?19;A[\LJ\5);WVZW6]]++HMS)YA7LI1
MHMQ?;?I9]NKZ]#],M?\`$OASPI8QZIXIU^RTVVEO;:SBN=0NDAC>YN9TM[>$
M,Y`,DL\L42)U=Y$5068`W:^;?VW/V8/C1^UQ\0/#W@'0K_POIG@/1O"^N-K\
MOC30+G4[;5=0U2TDTE([:+3M4L+N.2'3;C6(Y9))DA`U6`QI/,GFV7D.@_!#
M_@H5;_V+_P`)/9?%"\\C1'MO$7V#XTVEM]N^(?[C;XMMMYE^R^&1MNLZ:_GQ
M'SH?^*:'DMYV%+!T*M)2]JE+JGT[>NWRNKF]3%5J=5Q]FVNC77O^?SLS[PHK
MXJ^%7PV_X*%?#NY\/?$/QA8>-?$$/A;6]*NO'7A&/QW:7%YXUUG^Q]>L=:U+
M2_M-ZMK!I%Q=W^AW=MIUQ-8QP+I5PZ6-K*(H[CR+Q?\`L/?\%$/'_P"QSKW@
M_P`;7OQ#U3QKXG\+P^'M<TN]^,DTEM=:?'\+8$*>4=1^RI))XQMD6:=0)K@2
M3B9Y+*YG\S6&74'4:E7BEIK=?/JME_EWMG+'UE!.-&3>NFO^77_@GZ945^;7
M[47[.'_!0+XL?M*?#B#X%?#3XU^"OA_9^-?!\?C:Z?\`:`O1+>^&DL[<:F)I
M8_%C>3<1[FMI8K>PEFGELY+Q-2E:Y,;=1X8_9@_:V\"?$/XQ^.-0\'_%V_U3
MQ)\/(_#_`(/\0:'\2K:^D-I8>+M=CL;-X;[7+5O,;0I]%E:Y66WNMAU*1+ZV
MU.ZEEF;R[#JDI>WC=I:::7:W][HM7^79+'UW4<?8NROKKK9=/=^7ZGW[17GG
M[*7A7QOX*_9Z\+^&_B1I-[8ZY!9.VI6VI^*;W6;E9'E>3,MS>W5Y,)"&#-!]
MKNTMR3!%=7,4*3R>AUYE2*A-Q3O9GHPDY04FK7"BBBH*"BBB@#\Y_A-^VU\3
M/A+XCG^']C\6K+79)+)M0UWQ]XTU75]6T7Q'XA@=(SX9MK4P17WAOQ5J?F23
M2^'8$O4TJ.S@6UTZZDN)PM+X;?\`!1?]JCX'?L7?#[3O&DNB>+-;N?A?\/->
MN?B5J%FL4&C:=K>G:N5DU<:KK=I!=W`N-#6W:]EU.Q2XGUF';$)(DM[OT/\`
M9-_X+@_`[XZ>(X_"WQ:A\+^&[F]^'FC^,;27P'XHO_%]MI=C=O.EY'K=Q;:5
M##H4E@4MC=-=.(8A>(S2JJL:]0^.'_!4?]G'X,^'/!&OR6_BB\;QO\0X/",-
MI/X#UV"YTJ^9$G>"]M%T^2\MKN2V='M+)[<37AN+=D"VSRW</TU6%>%;V4\(
MW)M/O>VNZ5MNB=O+2Q\]3E1G2]I'%>ZKKM:]ELW?>VMK^>I\\^!/^"F_[;_B
MSX1V?[3NJ)\(K7PW-\//B3X[N/!.FZ#=:E<I8^$M9MK%M+BUVWU@VMS)=1W!
M*ZE%:F%"@=;>='`'M?\`P3]_X*#^*_VG+'Q?>_'G0?"_@N30[W18UTZ3Q-I2
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M/_@L%^T7\)?`OBGQCX8_X5?J&I^&?A?'KWAWP=-I%XU]\0]^N>(=+;7]**:@
M&32([+2;77FC2*[_`-!N&7[8J%;T?5OB_P#:B_9`^,^D:]X/U]O%&NQ^"_%$
M-Y<Z7I_@#Q"]S=ZAH>OP(TVG16]IYNKQV6JV]LMP]D+B&$F,3D1RC>?L<_M`
M?`[]K7X@?%?XY_"3PM>V]SH'BBU^'FI:WJ<%_9W.HQZ5:)?^7+87L,,EC);7
MFMZC;LC1[V,19F*E$CUC5H0H\\\*_=M>^B?PZ-V6KUO97ZJVK63IUIU>6&)7
MO7M;5K?5*[VTW=NCOL^*T#]IS]JZV_:.D_9:\4^)?AY>>)#>W.DQ?V?X'OK:
M=;9M"?5;?QF;-]5ED.B)>&+0G@W@27J.RZA$[BR3YZ\;_P#!;+]K;1?B`^HZ
M)^QE90Z&GA?17T+P9K.LVUGJ?C#7Y[0/J^D:??WM[:R27>F7DJZ?)8V.EZG<
MM=VKV\JVDMQ$J?0O[-O_``5C^$?QX\1_$#P?JGP]\46&K_#ZRT[4M9TOPQX6
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MC1^H:9_P5!^`UMHOCWQM\0/"'Q#T#PWX(\47&ERZO)\)O$\\BVUOHFE:I<7M
M_;)I?G:1&@U(HOVI4$B6[3(S(2$-4_X*C_LXZIX4\*^(_A);^*/$TGB_Q1X9
MTW3(+CP'KNF1I8ZSJME8P:K-+<Z>%M[1TNI)+:>;RX;Y[2>"WE>2.7RY<*LK
MWPKNVM>EK*Z^&R;773EOY#4Z:M;$JR3TZWN]=[NW;6]O,^-]7_X*_?M*>"/V
MB]4\2_:O!6KV6K_"_P`,:IK'AF[UVSTG3O`6KB\UIY?!>I7&KZY:V]GKTJR>
M7/?8%P$TDM_8LJQ/Y'T+\8OVI?VO-,_9;\3?M&P?'[X7^"-,T[]H6#PO9WFI
M?#Z>2+2-!M?'DOAVZDO[B?5UBF\R)89Y)E2V$<2W*)L>6*ZMOI+P'^U1\#OB
M-X<\0^./#_BF]M_#?AFR^W:EXNU[PY?Z5HLUCLDD^W6FHWL$5K?VGEQ-+]JM
MI98?+*2;]DB,WBOB_P#X*X_`[X+?!?7OBW^TS\+?B'X&N=!LH=1G\,S>"K^\
MO!8W=M!<::\[Q0"'3Y+@W*V/^F/!"-2L]1M(YYULI)S;J2Q%2*I86SBXW6[:
MTTLUUTUMZWOK*IJA3DZF)NFI6>R3[W3Z:Z7]+6/!_&7_``47_:H_98TZ#P_?
M2Z)XHTSQW\4/BA_8WBO6;-5_X0'3M$\875I_Q,YM2UNRM+ZWF:ZM+*VW7>EI
M:YMXE^V.T4+_`'[\$/B#??%OX+^$/BKJFB66FW/B;POI^K7.G:;KT&JVUK)<
MVT<S117MO^YO(U+E5GB^24`.ORL*Y?\`:._:5_X49^R'XK_:R\-?#'6_%$/A
MSP5-XD@\-.G]D7D\$<'GD3+?B-[39'EY4>,SQK'(JPR2A86\OU__`(*1?V)X
M@O='7X,^;#J^MZGHGPWG/B+:VJ:CIWBO3_"5VNI)]G(TRW_M;5+1HY8&OG>S
M$TS112HEK)S58SQU).E12?,TW=7;WM;39->MF]^8Z*4H8.HU4JMJRLK/1;7O
MKN[_`'I;<I]045\V_#O_`(*->'/B/\0/`?PLT/X77MQJ^N_$/7/!/CV\LM22
M73/"6M:7::S-+:_:61&O9)GT:9X8UBCD6TG@N;E+0W%K#<%Y_P`%&O#EG^U=
MX1^!,GPNO?\`A#O&E[XCT;2?B2VI(D,.M:+?6NGW<-Q;.@^SVCZA=)ID%R\H
MDGOPL*6YBGMKF?D>`Q:ERN.MF^FRO_DVENTKK0ZEC<*X\REI=+KN[?YJ[V3=
MGJ?25%?&_A__`(*QWVO^"-+^)8_9_LK;2!\/-`\9^+K&Z^($$6L:-H=Y96&H
MZCKT.GR6ZR:EHEC:W<T)O+8M<3ZA9R6:6:C=<)>\??\`!6;P=X+U37;9?ACB
MT\-^-?L.J76IZU)"QT&VNO$=MJNJ1)!:S[[BT_X1+7[L63%1/9VT#1S_`&NX
M%@M_V7CKVY/Q7^9G_:6"M\?X/_(^NJ***X#N"BBB@#X=N?&G_!,GP]X4TCX#
M>,/&GQ#U;2/AM\(M=^$']GW?@#7S'X@TJ75=!\.:C##/:Z:G]I7:ZA;Z;9EM
M.<E7NY"$P5:.C\8?A!_P3U^.WP1T[PW\:?B-\4/&VIW?Q0F\7:M#-\-KN\\5
M7WB"ST9--BNM3\.6VB[H+>TLKG26$<NFPVD@.FM<+<)?$7F+X'_X)Y?MR^%?
M&/PT^+=]X9^%^H:WX/UNZU7Q_P"'M3^+VMWVE^.]4O8Y;JYU.+[3HKQ^'-FM
M"#5186-LUM<7/D3.8Y-,LGKUWX?_`+*G[5WP:_:%^(G[4/P_E^'FH>*OCM9:
M(OCZ'6=8OHM/\&W.F17%K:R:?%':M)K<:VMQ"LD<TNFF>:R>17MEO1#9?23G
MAZ+O3K.ZNU[T=^;57MII>=]4]%;FV^?A&O55ITE;1/W7M;1[ZZVC;1K5WY=S
MP=^PG\"]0L?A3:_#7]H#Q0VG>&/"^I:G\-=;\%>"O"MK8P+=3B=]2MM0TW08
MX;224WUJ?L\$L-OJ,-J5GMKV'[<)3P)_P2`_9N^'_@C5/`FB^,O%$=MX@O=5
M7Q*VGV&AZ9'J>D:I9:99ZGHAMM.TRWM;:TNH]'L&>6UA@O%>)WCNHVED+XGQ
ML_X)K>(_$OP_TSX0>%;+POXN\'>"/A%X=\$^!-#\=ZD\%R5M;LSW\\]Q%8SV
MPD>73/"MTIN+*_MY3I%Q;-:117DLC<O\&_\`@F-\?_A?^V;\+_BMJ5_\+[GP
M9\+MD.E7_AWPUI.@WC6K^%[JRO(H]/L=!62#[1KE_?ZB8QJS6JK=,!;&15<9
M*KS4Y2CB;-)NUDK[M)6ZN^JMO>U[&CIVG&,L/=:*]WILF_16TUVM>USVOX@_
M\$W_`(2^/?#4GAM/B9XUT?S/^$K5[O3+G3W:2+Q%XFLO$6I6\L5S9S07%N]Q
M9):F":-XI+.>>&9)O,WBE_P3V_9V_9E_8MA\??LS?L^>,/%&MW,OQ#U#7/%K
M:MX?BAMM-U6;3M'GDM8WL-/M;"VC-K>:?+#;QJ`1),(@5MY4A\'\9_\`!*[]
MI3_A#K:U\$GX7R:GXIT30I?C7!*MG!%XUUYI-9O]?OKDWWA_4[:Y\S59]%N+
M-KBRD-I%;7<-JM@D[K+YY^R'_P`$.OC1\#?#FF:Y\7_A7\!_%&O^';*RL[GP
M_:ZC<Q:1X_MBFH074.LG^QPL<:(OAJZB1[:^!O/#S7.(;C4;JY;3DHRPDX3Q
M5U?1)*[;UN[O:_GUO?<CGK1Q,)0PUG;5MO1;6T6]O+I;L?7?B'_@FUHOB:;Q
MF-7_`&M?B[<6WC7POI/AR[L[V\T2[6VTK3=1EO;.T\RYTN2:^C`N;VUF&H27
M9O+>^G2[-PS*Z\3\/_\`@EU^Q!XK^$?Q$_9)M_%OBCQ!H<-[HGASX@Z7(+73
M522RUFX\916B+8V5K##'*?$6UQ:*B);O%%"8)8F8>*_$#_@CE^UM?^'/AW/#
M\0OAYXW\607NMQ_';QEXI2V@U/XB6,26]GX<CGGU#0]9C:.WL[.SEGM)H986
MN[=+C,UTJ7R]KX*_X)I_M;>!_P#@FUX-_92F\0?#S6O&,WBBVG^+YNKBV?2O
M$6E6.GOI^EP0G5-`U.".2"WL/#JDG3@7.G2,7\V1IW;:A27+BUK);*UG%_$^
MMDHZ;;QO;6R2<JCYL*](O=WNFOA72[<M=]I;Z7]#^,?_``1[^%O[0'A;6?#'
MQB_:;^*'B#_A)-;O]5\176IV?AB;[?=7.EZ9I:S_`&=]$-M;7%O::7%';W=O
M##=0?:;LK-^_:NHUS_@G]\%_!?A3X<Z7IGQ%^(>G:=X'LO`GAZXMM$MK:^D\
M3VWA[58;C0DU%?L$TD<<%X\DLL]I]D&RXG:X<0Q*8?D36O\`@@]\5/B#\,](
M\#?$C1?A$=9@^'FC^%M2\8Z:HEN1=PZ1;Z7_`&Y$M[I$]QYEE8VPLET[[6MK
M?F0:C$=$OH4>NH^*7_!)7]KSQ#KLGCGX-7OP4\&3-K=KKG@CP5<6<^I:-\)K
MS3;&Y-O'X>/V&`+_`&CJW]G:G>3106*I)9;)[?5HI)89:?LVHP^N*RZ<J2Z;
M6;]5II;I+E3E<Z<I_57=_P!YM_.Z7H]=;]5=KZ%N/V8?V=/A#X.\??L\>/?B
MKXUUV]^+VB:QXG\9P6?ANS2\U_2;.2TCUA5M-"TN"W>XN5U&.WFGBM_[5N5O
M%6.=FM;9K:]\0_\`@E5^RCXH\.>*O!/POT>]^$V@>/?"[Z#X^T/X16]CH=MX
MBME2Y%J]P([4LDEN]W<.#"T0N!)Y-XMW;@0#Y2_9_P#^")GQB\&_$;XBZ]\3
M_AI\%/[,\9?V79:+=Z3=VXU'1=&GFT^S\4:>IT[PUI4'_$QT>&[@BGAC@DM'
MDD$11[Z\NV]"\(?\$DO&\FM'6_B/X:^'D^K^'[+PCIGASQ9:ZU>RWVJ3P:VL
M_BOQ;,C6<?\`9OB+5M/@LT%]#)<7L,UK'LU%"BS5$_94I7ABM=+V2LWI:RO]
MG3S3BVEHBX.K4C:6&TUM=NZ6M[NWVM?)IV>[/LCXE?!'2_B_^SIK_P"S?\1/
M&6MZC9>*/!5UX:UWQ#FUAU&YBN;-K6:Z_=0+;I<,KL_R0K$'/$87"5X/\-OV
M,OV-/VJ;'Q3^V#\/M8\47\/QJ\+S6UGX@U#1Q87:Z9<SP3R8%[8QW6H6D\EG
M:NEOJWVVT^RQI;01+IT[VTO+_MC_`/!,_P"(W[4?QBU'5;JX\%7OAGQ!XUT7
M4?$FIZ^\SZI=>%8[>TL=2\%*@MG\NP?R[G6H+E+A#%JC1/';PS(NI)B?MS_\
M$GM=_:1^,7ASQY\/?AY\+[33/`VB6=AX7M9;:QM_.TZWM[BV@T*6UU'0M8M+
M>WMVOKV\CNH(@DFZ"UDL&>WM=2MN?#*C"$8K$<KEKLK+;1Z[MV5]$DG=-/3?
M$.M*3;H<RCIOJ]]=NBN[:W;75:^O>`/^"2G[!?PSOOA]X@\)?L^>%[;7/A[X
MH;Q#:^(XO">EQ7VK:@T%VA>[DBM5'EK/>&[B@MQ!#;S6UKY"0Q6\<0H^,/V3
M?@[\*]"^(_C_`/:.UK[7\+-*\%>/I;MUN;A9UT;Q/?+K/B2WO(K:+S9/)EL]
MUK<6LB2&"Z>!H#+;K=7'PAX(_P"")O[;/Q!_97TLIXC\%2WOQ*^%ZS_$&P^(
M%C#:ZS<>*+AK[4;;6]1EO]"U.X^WVK>(-4TV58GMKLQV-O,M[$TIMK7T+]IC
M_@A/\0/$_P`7+&V_9W^"GP'M?AAH7BC2I-,\-:Q]DT^YO_#T>C1V.H:;=74'
MAFXU)KN>9[R5=1?4YGB,D,RQ+<PQ31]SHT?;VGC;[ZV[/HW+1N[MY7?D<2JU
M?8WAA+;:7[KR6J5E?SLO,^R-/_X)J?`C_A`O#OP>\7^+O&OB;P/X9\%)X>T_
MP9KNOJUGN&@R>'WU`20Q1W,-Q)I4T]N\4$T5GNN);A;9;ES<5R_QB_X)7_"O
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M`!)K=[X/\!:W\1[CX7:1!I\>E6>F7_B.XU^R(T<69CEN9=0T**W:2<V4U[YU
MS+=N]G!']^T5Z]3-:<H-0H0C=:V2U>C3U72U[;-O71)'E0RRI&2<JTI6>EV_
M.^SZWM?=)::ML_-K]FGXQ?\`!6W]H+QCI_ASXLO\4/AI9#P5?>*-:LM.\&Z9
M<ZO+]FC@BTK18+W5=`L]'M;^^BO4N[K,]Y_I%C+&(M#42VL?GOBGP5_P49\=
M>'-8\<^'?B[\7=:USXD?$/PK\&=8U3Q#\#M-_L^Y\,HEY=W?BF^T74?#=M,N
MF`:M=VQLG\M89O.$FI7T7E!?UGHJHYO"$W*%""6FEE;1WZJ[UMN^FMQ/*IR@
ME*M)O76[[6Z.RTOLNNECX/\`A[^T9_P4*L?@I\8OCMXV^''Q0O8=5_LK_A7?
M@[6/"EI8:OX7_M/Q!J<?[F+3](OIY_L.@W?AZ]GWVVI;;B*[MSOEANK>+SWX
M4_M`_P#!5[Q+\*]/^)GB^+XNVTEM\79_`VHZ./AW9I.?#*G4=1N_&S17/AVV
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MV5IINO1$3RQSBTZLNG5]-^O5ZZ[/U/RR\"O^WY\//A'X2\;_``HTCXAEI++4
M?$/CC5O%_P`-([7Q#HLGBS6=0U"^TRQ:'PS=7`DT_4=&M([GRM+O$OD\0?:_
ML]C;064MK]0?\$Y=<_;H\;>(_%'B7]L;Q-XH$EG96T9TBXT*RTO1;?5[AWFO
MM/LK9M+BOGCTW9%:Q7ZZCJ-G?QS^?',9`\=O]6T5EB<RCB*<H^RBF^MM5K?>
MWK]^VAIA\OE0J1E[632Z7T>EN_I]V^H4445Y9Z04444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!_
"_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>bdo12.jpg
<TEXT>
begin 644 bdo12.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!P17AI9@``24DJ``@````$`!H!!0`!
M````/@```!L!!0`!````1@```"@!`P`!`````@#`P#$!`@`9````3@``````
M``!@`````0```&`````!````141'05)I>F5R(%-O9G1W87)E(%-U:71E``#_
MVP!#``(!`0$!`0(!`0$"`@("`@0#`@("`@4$!`,$!@4&!@8%!@8&!PD(!@<)
M!P8&"`L("0H*"@H*!@@+#`L*#`D*"@K_VP!#`0("`@("`@4#`P4*!P8'"@H*
M"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*
M"@K_P``1"`"5`*H#`2(``A$!`Q$!_\0`'P```04!`0$!`0$```````````$"
M`P0%!@<("0H+_\0`M1```@$#`P($`P4%!`0```%]`0(#``01!1(A,4$&$U%A
M!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%
M1D=(24I35%565UA96F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9
MFJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?H
MZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!`0$!`0````````$"`P0%!@<("0H+
M_\0`M1$``@$"!`0#!`<%!`0``0)W``$"`Q$$!2$Q!A)!40=A<1,B,H$(%$*1
MH;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF)R@I*C4V-S@Y.D-$149'2$E*4U15
M5E=865IC9&5F9VAI:G-T=79W>'EZ@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::G
MJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W
M^/GZ_]H`#`,!``(1`Q$`/P#]_***\U_;-UW7/"W['WQ7\3>&=9N].U+3OAKK
MMUI^H6%PT,]K/'I\[QRQR(0R.K`,K*000"#D4I/EBV=.#PTL9BZ=!.SG)1OV
MN['I5%?C+\;I?CK\./\`@E;\-OVU]#_;=^.;>+_&&O06.I6MU\4KYK%4?[=G
MRX@P<-_HR=7/\7X?)/\`PW5^V[_T>/\`%7_PX6I?_'Z\ZIF,:;2<=U?[S]JR
MCP0QN=TJE3#8Z%J=2=-WA)>]!VE;7:^SZG]*%%?SAVW[6?\`P45O;?1KNQ_:
M0^-T\7B34SIOAR6'Q;K#)JUZ&1#:VK"3%Q,&DC4QQEF!D48RPS^IW_!';5/'
MNB^,OB!\(_CC^TYXQ^(7Q%T33=-G\7Z=JGBJ;5-*\+R227*KIL,DLC[[U/+;
M[2\9V*VR($F)C6E#'1KS45&QY/%GA+BN$\IGC:N,A4<?LQC*]N91;;V2BY)-
MO3F:CNT?=U%%%=Q^1!1110`4444`%%%%`!1110`4444`%%%%`!1110`5Y5^W
M8"?V(?C(`<'_`(55XAP?3_B6W%>JUY3^W<`W[#_QE4G&?A3XBY]/^)9<5%3^
M&_0]3)/^1UAO^OD/_2D?!7Q<^'MQ\2/^#>KPOJ'P:T;Q!I5O96D&NZSHNGZ[
M<W\$]O9R3_;FF>YF'E6@\J2\\E0426.-$CSAJ_*:OU&_:UO_`-I?XZ_\$<?`
M%SK'PA\#:%X7TWPY97ZZCJ_CB[MM4@BTVQE1?*M9(8$GGNHHY"D6Z92DA"HS
M%)4_+FOGL9;FC;^5']K>%ZK1P&/]I)-O%5I<JDIN-WM*:D^9Z?:M+3JFCUS]
MG/\`:K_:[_9^\*:]\//V=?&6OZ?8_$1DT7[/I=K)+(VH.T05M/903#J#1NL`
M>'][LN%(`D6WDB_2O_@A/\#_``+^SOXY^)?POO\`Q>^I_$JVTG29/'NGZ;)'
M)IOA\F6[$.F"5<^=>1D2FX*DQHSK&,LCD_F3\`_VC_VF?@KX>U/P9\"]5U"*
M'Q=?)8Z>;72C<W%GK#H(%N-+DVEK74WMKB2T$L!$IAO&`^<0R1_IM_P0G^!W
M@G]GCQQ\2_AGJ?C&34_B7!I.DR^/-,TYXY--\/YEN_)TWS5R9KU")6N"I,:%
MUC!+(Y.N!=ZT>MN_3T]3Y[Q;A&APOF%E"G[3D?N*\ZO+.FN:J^5<L*=^5:N\
MG'WH_#+]':***]\_C8****`"BBB@`HHHH`****`"BBB@`HHHH`****`"O*?V
M[U+_`+#WQE0=_A3XB'_E,N*]6KRG]N[=_P`,/_&79U_X53XBQ]?[,N*BI_#?
MH>IDG_(ZPW_7R'_I2/@+_@H9XPTCXP_\$)/@WXYTMH["&TO?#\*VNJSHDUQ)
M;6EU9.L(4L)&+HT@4'/EJS'!4BORNK]#/VD?V_?V'_$/_!);0_V*O@[?^)7\
M46>DZ)']@CM;^"UM[R.:.YO9)I975;B+>+@",F1?,DB9$`C5X_SSKYW&2C*I
M%IWT1_;WAG@L7E^48JC7H3I+ZS6<%-6;A)IQ=NVMK]TSUGX(?MA_M"?"?P5<
M?!+X2W5A<7&HWQ'A6\.AI=ZWX;O;L"WG?1)Q^]LKB[C(MW,89B&!B\N4^97Z
MD?\`!$?]E7P]^R=K'CCP?XW\?+=?%?4M$TF^\9>$;)UD@\-V;O<FS@FD4'==
MN3,\@W8"E`!_&_YF?LQ_\%`?BS^RIX3U3POX.T'POJ]Q#%<7/@?5O$6C0W=W
MX)U.X58I]1T]I%8JTEOYB-$W[MG$4C!E22*?]&/^"$GP0\5_"3QM\2M?^-/C
MZ2?XC>+-(TG5O$'A2^,D^HZ9:RRW<D%SJ$SDE;JX+RR&!OWBH$=\&3:-\"TZ
MT>OZ:?G^GX?(>+=*O0X9Q_N0H0GROW?>G7:G#67NKDIP3O+O4?Q).]7]'J**
M*]X_CP****`"BBB@`HHHH`****`"BBB@`HHHH`****`"N"_:I\">)?BE^S!\
M1_AEX,M([C6/$?@+6-+TF"698UDN;BRFBB4NW"@NZ@L>!G)KO:S/&GC'PM\.
MO!VK?$'QSKUMI>B:%ID^H:QJ=Y)LAL[6&-I)9G;^%$168GL`:.5S]U=3;#8F
M>#Q$,1&UX-25]KIWU\C\)-6_X(?_`/!1+0-*N==UWX<>&[*QLK=Y[R\N_&UC
M'%!$BEGD=V<!55026)``!)K%^&O_``2(_;0^,^BS>)/A#8>!O%&G6]Y+:SWV
M@?$33KN*.>-V22,M'(0&5E88]N..:_8+XK?&?]D_]NS]F;XE?L^>`/VI/"UL
M/&OP]U719M3:Y1GL;>_TN;%\+>5XFFB6!VGR&5&2-CO`!8?DCX*_X)9_MA>)
M?#7BO7?#'_!1']E_[+XM\,1>!=4U'2O$UUIL872;_3I"\)M;.!);N-]+M[=[
MEUD9XFD5B2RLO=E_">7XJE/ZQ6=*2:T:>S^7KUZ>>GZCC?I)<=X><70P]"I%
MI[1ENMM?:_I^1ZE\+OV7_P#@H;^QUX1NOACXS^&/P1NKF1CJGPZN?B-XIT26
M[\'ZN9HMVJZ<+ELEBL?^K.8_/2"4Y$<D4_U-_P`$:/V'OVO/V5?B?\4_B!^U
M9I,8N_&EMISQZI)XCCU&XO[I)KN2>29U9F+DS*2S'+%CZ5^>&H_\&_7[37CO
M3-,G^*W_``4@^!VHZ'I$-_;Z)<7GCN]OHX+HQ-<+:Q^;"@C26X,/FE7W1I*T
MH21E6-_OO_@A-\$M>^"6N_%O0?C-\:?"GB3Q\=4MH[/0O"?Q%O->M]!\+I+<
M_P!G11BXGF,,#R-=/#YCO<&-E$S;P0.W&<+Y7@<+[>ABW4E#IRV6KM_P^]M%
MV/DL9XS<4<2T,3@,7@*-&.*MSSBI<SY6I]9M*[BM+)-N4K<S;/COXG?#3_@O
M++\</B=K?PX\7?M(?9YO$?B6+PUIQUZ6WTV#3Y+F]99[4R&>.X0:;&T4$1%I
M-'=WEE);NYMR&]+_`&P]._X+/Q?LS:7\.OV8/$/Q_P!2M=$^*M]'X1URZLXX
M?$VM>'8K&W9+C6[I6@F5EO);J.&/R%$\2[IN88FDYOXH_`3_`(*4:U\0-!^'
M'[.4=HFM^%?C'\1-:;4]`^/.AVFJZAI^N7$\;6EFDCW#6<\>G^=MGDA=K:63
M>L.80QQ_^"MW["?_``4GN/BDG[2VA>,I/"7@9/AEX3T/Q=K_`(K^+UI$BWL;
MVJO%>2YA6Y8WZ6Q,HA19I55E09"C[6E4HU<50C.5!;M72>J=DFN;JM8^;:M?
M4_%JT*M/#UG"-5WTTNO-M.W1Z/R2Z:&;XQD_X+V7WP_NTLM:_:MF\1-X1-SI
M5O8Z1IT%FGB+4KEDUA+F<>5*ME#9-+]ABB24V]Q)"\,EN+<!OVC_`&;X?&]M
M^SQX"M_B:;X^)(_!>EKXA.J2%[G[<+2(3^<Q)+2>9OW$DY;-?B1K/_!*G_@J
M_P"$?&7B;XE?'R31?">G&X\1R^.OCKI?Q%5HK?2M2:2'5M5N=+N+@V\EK%ID
M^I-#;VL&GSQO/%(90T`C/O7_``2]_P"">_[6/P]_:S^&'[1^J_`&[\&^#8+:
M&YU2>'XO6?BRQU2%_#.HVOVZ.:9A>6S3WEU%,8(3+;2K.F5B-C$\WG9UA\#B
M\&Y1K4ER)R7(HJ[M\/Q=;::-W;YDM+]^5UL5A\0KTJCYK)\S>BO\6W3KJE9*
MS?3]<:***^`/L`HHHH`****`"BBB@`HHHH`****`"O+?VX])\):_^Q3\8-"\
M?>,G\.:%>_"WQ!!K7B%-+>^;2[1]-N%FNA;1LKW!C0L_E*P9]NT$$YKU*N7^
M-_PF\._'OX+>+_@7XOO[ZUTGQIX7U#0=4NM,D1+F&WO+:2WD>)I$=%D"2,5+
M(R@@95AP=L/-4\1"3=DFG^)G6BYT912O=,_!7P%_P3B_X)Z>*O@1K.M>-?\`
M@KS9Z/=:YJ>EVOA?QG\2?@Y?:'=P6%M9W8N+2Q34-122XM+B&^@5VB81!8%0
MAMV%KW'_``1Z_P""8&K>"+75['_@O#X`EAT2X$&L75WX:MY;4/</(\"00C5%
M:WRD,N[YY-S*6^3A3]Z^.?\`@V#_`&./B;?6^I_$7]K#]H37+BST^"PLIM5\
M7Z1.;:UAB2&&"/?I1V1I'&BA5P`%%9W[0'_!KM^R5\8_&%AXV\+_`+0?Q"\/
M70ETBVUF"2#3+F"XTVSLX;.2.W2.UA-O=RQVZ/\`:',T:R-(Q@<,%7]&AQ+A
M.?\`WZHKZO\`=P=ME;X.WDE?6Q\1/(L1R6^J0=M%[\_GU[_\.?(GQ/\`^"27
M_!%RU^)L]MIW_!9+PWX;\-2>*4U0>#VEL[I[31[B*"5;."Y>X.+C86V7DD<N
M(VA62&1HG>7[,_X(,?L+_LW?L<>,/B'J/P)_X*!>%?C5/XI\.Z+/>6?AO0([
M(Z9;++>^3.^R^N=RRL95`(4CR3USQ+HW_!KE_P`$YM"\33^(+3QG\3Y8)]#O
M=.72+W6=,N+6)[C3I;(WB"73V<7,;RF\B8N5CN8XV";$$5>Y_P#!+;_@D]\)
MO^"7?AGQCI?@CQQ>^*M4\7ZY]HN-=U33(;>XAL(MPM+(F/._RU=B[Y"O([NL
M<0(0>9FN>8?$Y7.A#%U)MJ/NRA%)ZWW2NK6OO=Z;GH9?E-:ACHUIX>$=]8RD
MVM.STU]-#\P_CM_P1L\=?&CX]_$O7/`G[?7P9\+>,/"7Q-U%#X9DUO5;-;&W
MU.2;43--?3*62^=+N)9+>VB-OAC^\5MR-R,7_!&W]H;Q+JUU\)]6_P""@7[-
MVM:AHND/_;VF:C\8_$#F?[8)A97<Z;0GF02!980@6,O;Q^=',I97_13QU_P;
M?_L3^._BSK_QON_B_P#%BT\2>)Y_$#ZY>Q:SI5PMRNL1W4-S'LN]-F5`D%W+
M#"4"O&`C[C(@DKC-#_X-5/V"?#5V]_H/[0?QPM9I+*ZLWDBUW0\F"YMY+>>/
MG2.CPRR(?9S7H4N)\-&DHO%/1*W[I:/KJGMU777NM>*KP_6E5<O8K5N_OO:^
MFEGKWZ?>?#OP<_X)N6_C'QW\2_V=[/\`X*C_``\\3?%3P[X;CM6\,^+-2UA/
M#LHO[2[L=3S/<0JMU):K>65U9W=NT@6YA"S6P5E=/U7_`.",?_!//XW_`/!.
MK]GO7OAO\??B_IWBS6]=\3'4(UT>XNI[73K=+>*WC@CEN0CN"L0<@1H%+;1N
MQN/@EK_P:@?\$]K.Y@N8_CG\:V-O,DD:/KNB%<J01Q_9/3BOT\KQN(,]AC**
MHX>LYQE9RO!1::M:UNC=W;==V>GDV42PE7VE:FHRC=*TG*Z>][]5H@HHHKX\
M^E"BBB@`HHHH`****`"BBB@`HHHH`****`,30?B5\.?%/]B_\(QX_P!$U'_A
M)-$?6?#OV#589O[4TY?(W7MML8^?;C[5:YE3*#[3#S^\7)J'Q*^'.DZ7XBUS
M5?'^B6UEX0W_`/"6WEQJL*1:)LM8[M_M;EL6VVVFBG/F%<12I(?E8$_"'A?P
M+^WM:?LU_#'X-V?[(GQ0TC_A7?[/47A+7=/M_BEI>EQ:KKPO/"\,-Y:/H_B&
M">;[+;V6K7`66>Q,T1>U\^'[8Y'E_P"S=^R#_P`%4/!'PM^-,+^%_BAH'Q`\
M6ZWXSU'3_$FM?%R*>UU71I_#$EAHFGP0MK^HO9ZO'J46ERI>2N9(;6Q,3:G(
MH$4WMQRO#.,I.O%6>BYHZZ[[]O)]/.WD2S'$*44J,G=;VEIIZ=_/]+_I_P"&
M/B5\.?&VJ7VA^#/'^B:O>Z7G^TK/3-5AN);3%U=6A\U$8F/%S97L!W`?O;2>
M/[T3A;VO^)?#GA2QCU3Q3K]EIMM+>VUG%<ZA=)#&]S<SI;V\(9R`9)9Y8HD3
MJ[R(J@LP!^`M"_8M_:HL?VM/!/Q,\7>`/&M[X2\,?&O4=<M--T#XEK:6MG!J
M.O\`Q&N)M2:S3488I?W6J^&))\H\[VLDML$E'VJV/4:!\*_VFOC):>(]"G\:
M7OB[0_AS\7?"FA^$,^(97AGM-,^($.LZC=-/,RKJDEIHT6D:=)<7#S727^B:
MO`I,LD\EYC4P&'C4]VJG'2^W5V[_`#=[?.QI#&UW#WJ33UMOT5^WR5K_`"N?
M:OAKQ+X<\9^'-/\`&'@_7[+5M(U:RBO-+U33;I)[:\MI4#Q312H2LD;HRLKJ
M2&!!!(-&@>)?#GBNQDU3PMK]EJ5M%>W-G+<Z?=)-&ES;3O;W$)9"0)(IXI8G
M3JCQNK`,I`^'/^&0_P!M'Q[X%\"_\+,\6?%"#6]%^%_P>TK5?[%^-^HZ;YFH
MPZY<?\)H\_V#4HDNK@Z:T>^Y?>\G'V>1I%XY?PQ^Q9^V_P##?Q-\8];^'J?$
M--?\3>%X[#PSXL\1?%BZUN.32K/QYKL[Z4J7&MI<+=S^&[C3TLY1);&!Y;C_
M`$_3KB:>9G]0PK3_`'RNFETMK;6]]DGJ[=&K!]=Q*:_<NUF^M^O2V[MHK]4[
MGZ%Z_P")?#GA2QCU3Q3K]EIMM+>VUG%<ZA=)#&]S<SI;V\(9R`9)9Y8HD3J[
MR(J@LP!-*\2^'-=OM3TO1-?LKRYT6]6SUBVM;I))+&Y:"*X6&95),4A@G@E"
M-@E)HVQM=2?@_4OV>/VZ/&F@?"O3?BQX=^(?BE=)\4>#[RP1O$]EI,?AAM-\
M;-?ZE-K=I'KUTNK1MHT>EQ6CO<ZQ<;]/DFD-O<SR23>AZ+^SE\=YOVZOB/XC
M@\,>-="\)>,_&OVSQ#XHM_B&UOI.L^&F\$V.E_8K2SM;\SV6KIK%O#.+];6V
MF6WLW5+W#)!+#P6'C&5ZJ;2;TM9V:M;6^J;MUNMK:EK&5Y-?NFKM+6^ET[WT
MMI9??WT/KJJ7AKQ+X<\9^'-/\8>#]?LM6TC5K**\TO5--NDGMKRVE0/%-%*A
M*R1NC*RNI(8$$$@U\'_"KX0_M-?M"O\``G]J[XP:MXH\?W_A_P"+MAYMYX0\
M;RZ3IW]AVOA:[TJXUV.R2YLK*[M+K7VN=2CN(HY;B[TC488PKP2&Q3SVQ_8\
M_P""J'P6^'/PN^''P.U_QKI7A+P]\%/#)UO1;#Q/%KNHZ=\0!#-%=3VRWOB+
M38FL+2*V@0V$EW-I+/<0[--N09Y+?19;A[\LJ\5);WVZW6]]++HMS)YA7LI1
MHMQ?;?I9]NKZ]#],M?\`$OASPI8QZIXIU^RTVVEO;:SBN=0NDAC>YN9TM[>$
M,Y`,DL\L42)U=Y$5068`W:^;?VW/V8/C1^UQ\0/#W@'0K_POIG@/1O"^N-K\
MOC30+G4[;5=0U2TDTE([:+3M4L+N.2'3;C6(Y9))DA`U6`QI/,GFV7D.@_!#
M_@H5;_V+_P`)/9?%"\\C1'MO$7V#XTVEM]N^(?[C;XMMMYE^R^&1MNLZ:_GQ
M'SH?^*:'DMYV%+!T*M)2]JE+JGT[>NWRNKF]3%5J=5Q]FVNC77O^?SLS[PHK
MXJ^%7PV_X*%?#NY\/?$/QA8>-?$$/A;6]*NO'7A&/QW:7%YXUUG^Q]>L=:U+
M2_M-ZMK!I%Q=W^AW=MIUQ-8QP+I5PZ6-K*(H[CR+Q?\`L/?\%$/'_P"QSKW@
M_P`;7OQ#U3QKXG\+P^'M<TN]^,DTEM=:?'\+8$*>4=1^RI))XQMD6:=0)K@2
M3B9Y+*YG\S6&74'4:E7BEIK=?/JME_EWMG+'UE!.-&3>NFO^77_@GZ945^;7
M[47[.'_!0+XL?M*?#B#X%?#3XU^"OA_9^-?!\?C:Z?\`:`O1+>^&DL[<:F)I
M8_%C>3<1[FMI8K>PEFGELY+Q-2E:Y,;=1X8_9@_:V\"?$/XQ^.-0\'_%V_U3
MQ)\/(_#_`(/\0:'\2K:^D-I8>+M=CL;-X;[7+5O,;0I]%E:Y66WNMAU*1+ZV
MU.ZEEF;R[#JDI>WC=I:::7:W][HM7^79+'UW4<?8NROKKK9=/=^7ZGW[17GG
M[*7A7QOX*_9Z\+^&_B1I-[8ZY!9.VI6VI^*;W6;E9'E>3,MS>W5Y,)"&#-!]
MKNTMR3!%=7,4*3R>AUYE2*A-Q3O9GHPDY04FK7"BBBH*"BBB@#\Y_A-^VU\3
M/A+XCG^']C\6K+79)+)M0UWQ]XTU75]6T7Q'XA@=(SX9MK4P17WAOQ5J?F23
M2^'8$O4TJ.S@6UTZZDN)PM+X;?\`!1?]JCX'?L7?#[3O&DNB>+-;N?A?\/->
MN?B5J%FL4&C:=K>G:N5DU<:KK=I!=W`N-#6W:]EU.Q2XGUF';$)(DM[OT/\`
M9-_X+@_`[XZ>(X_"WQ:A\+^&[F]^'FC^,;27P'XHO_%]MI=C=O.EY'K=Q;:5
M##H4E@4MC=-=.(8A>(S2JJL:]0^.'_!4?]G'X,^'/!&OR6_BB\;QO\0X/",-
MI/X#UV"YTJ^9$G>"]M%T^2\MKN2V='M+)[<37AN+=D"VSRW</TU6%>%;V4\(
MW)M/O>VNZ5MNB=O+2Q\]3E1G2]I'%>ZKKM:]ELW?>VMK^>I\\^!/^"F_[;_B
MSX1V?[3NJ)\(K7PW-\//B3X[N/!.FZ#=:E<I8^$M9MK%M+BUVWU@VMS)=1W!
M*ZE%:F%"@=;>='`'M?\`P3]_X*#^*_VG+'Q?>_'G0?"_@N30[W18UTZ3Q-I2
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M/_@L%^T7\)?`OBGQCX8_X5?J&I^&?A?'KWAWP=-I%XU]\0]^N>(=+;7]**:@
M&32([+2;77FC2*[_`-!N&7[8J%;T?5OB_P#:B_9`^,^D:]X/U]O%&NQ^"_%$
M-Y<Z7I_@#Q"]S=ZAH>OP(TVG16]IYNKQV6JV]LMP]D+B&$F,3D1RC>?L<_M`
M?`[]K7X@?%?XY_"3PM>V]SH'BBU^'FI:WJ<%_9W.HQZ5:)?^7+87L,,EC);7
MFMZC;LC1[V,19F*E$CUC5H0H\\\*_=M>^B?PZ-V6KUO97ZJVK63IUIU>6&)7
MO7M;5K?5*[VTW=NCOL^*T#]IS]JZV_:.D_9:\4^)?AY>>)#>W.DQ?V?X'OK:
M=;9M"?5;?QF;-]5ED.B)>&+0G@W@27J.RZA$[BR3YZ\;_P#!;+]K;1?B`^HZ
M)^QE90Z&GA?17T+P9K.LVUGJ?C#7Y[0/J^D:??WM[:R27>F7DJZ?)8V.EZG<
MM=VKV\JVDMQ$J?0O[-O_``5C^$?QX\1_$#P?JGP]\46&K_#ZRT[4M9TOPQX6
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MC1^H:9_P5!^`UMHOCWQM\0/"'Q#T#PWX(\47&ERZO)\)O$\\BVUOHFE:I<7M
M_;)I?G:1&@U(HOVI4$B6[3(S(2$-4_X*C_LXZIX4\*^(_A);^*/$TGB_Q1X9
MTW3(+CP'KNF1I8ZSJME8P:K-+<Z>%M[1TNI)+:>;RX;Y[2>"WE>2.7RY<*LK
MWPKNVM>EK*Z^&R;773EOY#4Z:M;$JR3TZWN]=[NW;6]O,^-]7_X*_?M*>"/V
MB]4\2_:O!6KV6K_"_P`,:IK'AF[UVSTG3O`6KB\UIY?!>I7&KZY:V]GKTJR>
M7/?8%P$TDM_8LJQ/Y'T+\8OVI?VO-,_9;\3?M&P?'[X7^"-,T[]H6#PO9WFI
M?#Z>2+2-!M?'DOAVZDO[B?5UBF\R)89Y)E2V$<2W*)L>6*ZMOI+P'^U1\#OB
M-X<\0^./#_BF]M_#?AFR^W:EXNU[PY?Z5HLUCLDD^W6FHWL$5K?VGEQ-+]JM
MI98?+*2;]DB,WBOB_P#X*X_`[X+?!?7OBW^TS\+?B'X&N=!LH=1G\,S>"K^\
MO!8W=M!<::\[Q0"'3Y+@W*V/^F/!"-2L]1M(YYULI)S;J2Q%2*I86SBXW6[:
MTTLUUTUMZWOK*IJA3DZF)NFI6>R3[W3Z:Z7]+6/!_&7_``47_:H_98TZ#P_?
M2Z)XHTSQW\4/BA_8WBO6;-5_X0'3M$\875I_Q,YM2UNRM+ZWF:ZM+*VW7>EI
M:YMXE^V.T4+_`'[\$/B#??%OX+^$/BKJFB66FW/B;POI^K7.G:;KT&JVUK)<
MVT<S117MO^YO(U+E5GB^24`.ORL*Y?\`:._:5_X49^R'XK_:R\-?#'6_%$/A
MSP5-XD@\-.G]D7D\$<'GD3+?B-[39'EY4>,SQK'(JPR2A86\OU__`(*1?V)X
M@O='7X,^;#J^MZGHGPWG/B+:VJ:CIWBO3_"5VNI)]G(TRW_M;5+1HY8&OG>S
M$TS112HEK)S58SQU).E12?,TW=7;WM;39->MF]^8Z*4H8.HU4JMJRLK/1;7O
MKN[_`'I;<I]045\V_#O_`(*->'/B/\0/`?PLT/X77MQJ^N_$/7/!/CV\LM22
M73/"6M:7::S-+:_:61&O9)GT:9X8UBCD6TG@N;E+0W%K#<%Y_P`%&O#EG^U=
MX1^!,GPNO?\`A#O&E[XCT;2?B2VI(D,.M:+?6NGW<-Q;.@^SVCZA=)ID%R\H
MDGOPL*6YBGMKF?D>`Q:ERN.MF^FRO_DVENTKK0ZEC<*X\REI=+KN[?YJ[V3=
MGJ?25%?&_A__`(*QWVO^"-+^)8_9_LK;2!\/-`\9^+K&Z^($$6L:-H=Y96&H
MZCKT.GR6ZR:EHEC:W<T)O+8M<3ZA9R6:6:C=<)>\??\`!6;P=X+U37;9?ACB
MT\-^-?L.J76IZU)"QT&VNO$=MJNJ1)!:S[[BT_X1+7[L63%1/9VT#1S_`&NX
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M"#5186-LUM<7/D3.8Y-,LGKUWX?_`+*G[5WP:_:%^(G[4/P_E^'FH>*OCM9:
M(OCZ'6=8OHM/\&W.F17%K:R:?%':M)K<:VMQ"LD<TNFF>:R>17MEO1#9?23G
MAZ+O3K.ZNU[T=^;57MII>=]4]%;FV^?A&O55ITE;1/W7M;1[ZZVC;1K5WY=S
MP=^PG\"]0L?A3:_#7]H#Q0VG>&/"^I:G\-=;\%>"O"MK8P+=3B=]2MM0TW08
MX;224WUJ?L\$L-OJ,-J5GMKV'[<)3P)_P2`_9N^'_@C5/`FB^,O%$=MX@O=5
M7Q*VGV&AZ9'J>D:I9:99ZGHAMM.TRWM;:TNH]'L&>6UA@O%>)WCNHVED+XGQ
ML_X)K>(_$OP_TSX0>%;+POXN\'>"/A%X=\$^!-#\=ZD\%R5M;LSW\\]Q%8SV
MPD>73/"MTIN+*_MY3I%Q;-:117DLC<O\&_\`@F-\?_A?^V;\+_BMJ5_\+[GP
M9\+MD.E7_AWPUI.@WC6K^%[JRO(H]/L=!62#[1KE_?ZB8QJS6JK=,!;&15<9
M*KS4Y2CB;-)NUDK[M)6ZN^JMO>U[&CIVG&,L/=:*]WILF_16TUVM>USVOX@_
M\$W_`(2^/?#4GAM/B9XUT?S/^$K5[O3+G3W:2+Q%XFLO$6I6\L5S9S07%N]Q
M9):F":-XI+.>>&9)O,WBE_P3V_9V_9E_8MA\??LS?L^>,/%&MW,OQ#U#7/%K
M:MX?BAMM-U6;3M'GDM8WL-/M;"VC-K>:?+#;QJ`1),(@5MY4A\'\9_\`!*[]
MI3_A#K:U\$GX7R:GXIT30I?C7!*MG!%XUUYI-9O]?OKDWWA_4[:Y\S59]%N+
M-KBRD-I%;7<-JM@D[K+YY^R'_P`$.OC1\#?#FF:Y\7_A7\!_%&O^';*RL[GP
M_:ZC<Q:1X_MBFH074.LG^QPL<:(OAJZB1[:^!O/#S7.(;C4;JY;3DHRPDX3Q
M5U?1)*[;UN[O:_GUO?<CGK1Q,)0PUG;5MO1;6T6]O+I;L?7?B'_@FUHOB:;Q
MF-7_`&M?B[<6WC7POI/AR[L[V\T2[6VTK3=1EO;.T\RYTN2:^C`N;VUF&H27
M9O+>^G2[-PS*Z\3\/_\`@EU^Q!XK^$?Q$_9)M_%OBCQ!H<-[HGASX@Z7(+73
M522RUFX\916B+8V5K##'*?$6UQ:*B);O%%"8)8F8>*_$#_@CE^UM?^'/AW/#
M\0OAYXW\607NMQ_';QEXI2V@U/XB6,26]GX<CGGU#0]9C:.WL[.SEGM)H986
MN[=+C,UTJ7R]KX*_X)I_M;>!_P#@FUX-_92F\0?#S6O&,WBBVG^+YNKBV?2O
M$6E6.GOI^EP0G5-`U.".2"WL/#JDG3@7.G2,7\V1IW;:A27+BUK);*UG%_$^
MMDHZ;;QO;6R2<JCYL*](O=WNFOA72[<M=]I;Z7]#^,?_``1[^%O[0'A;6?#'
MQB_:;^*'B#_A)-;O]5\176IV?AB;[?=7.EZ9I:S_`&=]$-M;7%O::7%';W=O
M##=0?:;LK-^_:NHUS_@G]\%_!?A3X<Z7IGQ%^(>G:=X'LO`GAZXMM$MK:^D\
M3VWA[58;C0DU%?L$TD<<%X\DLL]I]D&RXG:X<0Q*8?D36O\`@@]\5/B#\,](
M\#?$C1?A$=9@^'FC^%M2\8Z:HEN1=PZ1;Z7_`&Y$M[I$]QYEE8VPLET[[6MK
M?F0:C$=$OH4>NH^*7_!)7]KSQ#KLGCGX-7OP4\&3-K=KKG@CP5<6<^I:-\)K
MS3;&Y-O'X>/V&`+_`&CJW]G:G>3106*I)9;)[?5HI)89:?LVHP^N*RZ<J2Z;
M6;]5II;I+E3E<Z<I_57=_P!YM_.Z7H]=;]5=KZ%N/V8?V=/A#X.\??L\>/?B
MKXUUV]^+VB:QXG\9P6?ANS2\U_2;.2TCUA5M-"TN"W>XN5U&.WFGBM_[5N5O
M%6.=FM;9K:]\0_\`@E5^RCXH\.>*O!/POT>]^$V@>/?"[Z#X^T/X16]CH=MX
MBME2Y%J]P([4LDEN]W<.#"T0N!)Y-XMW;@0#Y2_9_P#^")GQB\&_$;XBZ]\3
M_AI\%/[,\9?V79:+=Z3=VXU'1=&GFT^S\4:>IT[PUI4'_$QT>&[@BGAC@DM'
MDD$11[Z\NV]"\(?\$DO&\FM'6_B/X:^'D^K^'[+PCIGASQ9:ZU>RWVJ3P:VL
M_BOQ;,C6<?\`9OB+5M/@LT%]#)<7L,UK'LU%"BS5$_94I7ABM=+V2LWI:RO]
MG3S3BVEHBX.K4C:6&TUM=NZ6M[NWVM?)IV>[/LCXE?!'2_B_^SIK_P"S?\1/
M&6MZC9>*/!5UX:UWQ#FUAU&YBN;-K6:Z_=0+;I<,KL_R0K$'/$87"5X/\-OV
M,OV-/VJ;'Q3^V#\/M8\47\/QJ\+S6UGX@U#1Q87:Z9<SP3R8%[8QW6H6D\EG
M:NEOJWVVT^RQI;01+IT[VTO+_MC_`/!,_P"(W[4?QBU'5;JX\%7OAGQ!XUT7
M4?$FIZ^\SZI=>%8[>TL=2\%*@MG\NP?R[G6H+E+A#%JC1/';PS(NI)B?MS_\
M$GM=_:1^,7ASQY\/?AY\+[33/`VB6=AX7M9;:QM_.TZWM[BV@T*6UU'0M8M+
M>WMVOKV\CNH(@DFZ"UDL&>WM=2MN?#*C"$8K$<KEKLK+;1Z[MV5]$DG=-/3?
M$.M*3;H<RCIOJ]]=NBN[:W;75:^O>`/^"2G[!?PSOOA]X@\)?L^>%[;7/A[X
MH;Q#:^(XO">EQ7VK:@T%VA>[DBM5'EK/>&[B@MQ!#;S6UKY"0Q6\<0H^,/V3
M?@[\*]"^(_C_`/:.UK[7\+-*\%>/I;MUN;A9UT;Q/?+K/B2WO(K:+S9/)EL]
MUK<6LB2&"Z>!H#+;K=7'PAX(_P"")O[;/Q!_97TLIXC\%2WOQ*^%ZS_$&P^(
M%C#:ZS<>*+AK[4;;6]1EO]"U.X^WVK>(-4TV58GMKLQV-O,M[$TIMK7T+]IC
M_@A/\0/$_P`7+&V_9W^"GP'M?AAH7BC2I-,\-:Q]DT^YO_#T>C1V.H:;=74'
MAFXU)KN>9[R5=1?4YGB,D,RQ+<PQ31]SHT?;VGC;[ZV[/HW+1N[MY7?D<2JU
M?8WAA+;:7[KR6J5E?SLO,^R-/_X)J?`C_A`O#OP>\7^+O&OB;P/X9\%)X>T_
MP9KNOJUGN&@R>'WU`20Q1W,-Q)I4T]N\4$T5GNN);A;9;ES<5R_QB_X)7_"O
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M`!)K=[X/\!:W\1[CX7:1!I\>E6>F7_B.XU^R(T<69CEN9=0T**W:2<V4U[YU
MS+=N]G!']^T5Z]3-:<H-0H0C=:V2U>C3U72U[;-O71)'E0RRI&2<JTI6>EV_
M.^SZWM?=)::ML_-K]FGXQ?\`!6W]H+QCI_ASXLO\4/AI9#P5?>*-:LM.\&Z9
M<ZO+]FC@BTK18+W5=`L]'M;^^BO4N[K,]Y_I%C+&(M#42VL?GOBGP5_P49\=
M>'-8\<^'?B[\7=:USXD?$/PK\&=8U3Q#\#M-_L^Y\,HEY=W?BF^T74?#=M,N
MF`:M=VQLG\M89O.$FI7T7E!?UGHJHYO"$W*%""6FEE;1WZJ[UMN^FMQ/*IR@
ME*M)O76[[6Z.RTOLNNECX/\`A[^T9_P4*L?@I\8OCMXV^''Q0O8=5_LK_A7?
M@[6/"EI8:OX7_M/Q!J<?[F+3](OIY_L.@W?AZ]GWVVI;;B*[MSOEANK>+SWX
M4_M`_P#!5[Q+\*]/^)GB^+XNVTEM\79_`VHZ./AW9I.?#*G4=1N_&S17/AVV
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MV5IINO1$3RQSBTZLNG5]-^O5ZZ[/U/RR\"O^WY\//A'X2\;_``HTCXAEI++4
M?$/CC5O%_P`-([7Q#HLGBS6=0U"^TRQ:'PS=7`DT_4=&M([GRM+O$OD\0?:_
ML]C;064MK]0?\$Y=<_;H\;>(_%'B7]L;Q-XH$EG96T9TBXT*RTO1;?5[AWFO
MM/LK9M+BOGCTW9%:Q7ZZCJ-G?QS^?',9`\=O]6T5EB<RCB*<H^RBF^MM5K?>
MWK]^VAIA\OE0J1E[632Z7T>EN_I]V^H4445Y9Z04444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!_
"_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>bdo3.jpg
<TEXT>
begin 644 bdo3.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!P17AI9@``24DJ``@````$`!H!!0`!
M````/@```!L!!0`!````1@```"@!`P`!`````@#`P#$!`@`9````3@``````
M``!@`````0```&`````!````141'05)I>F5R(%-O9G1W87)E(%-U:71E``#_
MVP!#``(!`0$!`0(!`0$"`@("`@0#`@("`@4$!`,$!@4&!@8%!@8&!PD(!@<)
M!P8&"`L("0H*"@H*!@@+#`L*#`D*"@K_VP!#`0("`@("`@4#`P4*!P8'"@H*
M"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*
M"@K_P``1"`"5`*H#`2(``A$!`Q$!_\0`'P```04!`0$!`0$```````````$"
M`P0%!@<("0H+_\0`M1```@$#`P($`P4%!`0```%]`0(#``01!1(A,4$&$U%A
M!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%
M1D=(24I35%565UA96F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9
MFJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?H
MZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!`0$!`0````````$"`P0%!@<("0H+
M_\0`M1$``@$"!`0#!`<%!`0``0)W``$"`Q$$!2$Q!A)!40=A<1,B,H$(%$*1
MH;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF)R@I*C4V-S@Y.D-$149'2$E*4U15
M5E=865IC9&5F9VAI:G-T=79W>'EZ@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::G
MJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W
M^/GZ_]H`#`,!``(1`Q$`/P#]_***\U_;-UW7/"W['WQ7\3>&=9N].U+3OAKK
MMUI^H6%PT,]K/'I\[QRQR(0R.K`,K*000"#D4I/EBV=.#PTL9BZ=!.SG)1OV
MN['I5%?C+\;I?CK\./\`@E;\-OVU]#_;=^.;>+_&&O06.I6MU\4KYK%4?[=G
MRX@P<-_HR=7/\7X?)/\`PW5^V[_T>/\`%7_PX6I?_'Z\ZIF,:;2<=U?[S]JR
MCP0QN=TJE3#8Z%J=2=-WA)>]!VE;7:^SZG]*%%?SAVW[6?\`P45O;?1KNQ_:
M0^-T\7B34SIOAR6'Q;K#)JUZ&1#:VK"3%Q,&DC4QQEF!D48RPS^IW_!';5/'
MNB^,OB!\(_CC^TYXQ^(7Q%T33=-G\7Z=JGBJ;5-*\+R227*KIL,DLC[[U/+;
M[2\9V*VR($F)C6E#'1KS45&QY/%GA+BN$\IGC:N,A4<?LQC*]N91;;V2BY)-
MO3F:CNT?=U%%%=Q^1!1110`4444`%%%%`!1110`4444`%%%%`!1110`5Y5^W
M8"?V(?C(`<'_`(55XAP?3_B6W%>JUY3^W<`W[#_QE4G&?A3XBY]/^)9<5%3^
M&_0]3)/^1UAO^OD/_2D?!7Q<^'MQ\2/^#>KPOJ'P:T;Q!I5O96D&NZSHNGZ[
M<W\$]O9R3_;FF>YF'E6@\J2\\E0426.-$CSAJ_*:OU&_:UO_`-I?XZ_\$<?`
M%SK'PA\#:%X7TWPY97ZZCJ_CB[MM4@BTVQE1?*M9(8$GGNHHY"D6Z92DA"HS
M%)4_+FOGL9;FC;^5']K>%ZK1P&/]I)-O%5I<JDIN-WM*:D^9Z?:M+3JFCUS]
MG/\`:K_:[_9^\*:]\//V=?&6OZ?8_$1DT7[/I=K)+(VH.T05M/903#J#1NL`
M>'][LN%(`D6WDB_2O_@A/\#_``+^SOXY^)?POO\`Q>^I_$JVTG29/'NGZ;)'
M)IOA\F6[$.F"5<^=>1D2FX*DQHSK&,LCD_F3\`_VC_VF?@KX>U/P9\"]5U"*
M'Q=?)8Z>;72C<W%GK#H(%N-+DVEK74WMKB2T$L!$IAO&`^<0R1_IM_P0G^!W
M@G]GCQQ\2_AGJ?C&34_B7!I.DR^/-,TYXY--\/YEN_)TWS5R9KU")6N"I,:%
MUC!+(Y.N!=ZT>MN_3T]3Y[Q;A&APOF%E"G[3D?N*\ZO+.FN:J^5<L*=^5:N\
MG'WH_#+]':***]\_C8****`"BBB@`HHHH`****`"BBB@`HHHH`****`"O*?V
M[U+_`+#WQE0=_A3XB'_E,N*]6KRG]N[=_P`,/_&79U_X53XBQ]?[,N*BI_#?
MH>IDG_(ZPW_7R'_I2/@+_@H9XPTCXP_\$)/@WXYTMH["&TO?#\*VNJSHDUQ)
M;6EU9.L(4L)&+HT@4'/EJS'!4BORNK]#/VD?V_?V'_$/_!);0_V*O@[?^)7\
M46>DZ)']@CM;^"UM[R.:.YO9)I975;B+>+@",F1?,DB9$`C5X_SSKYW&2C*I
M%IWT1_;WAG@L7E^48JC7H3I+ZS6<%-6;A)IQ=NVMK]TSUGX(?MA_M"?"?P5<
M?!+X2W5A<7&HWQ'A6\.AI=ZWX;O;L"WG?1)Q^]LKB[C(MW,89B&!B\N4^97Z
MD?\`!$?]E7P]^R=K'CCP?XW\?+=?%?4M$TF^\9>$;)UD@\-V;O<FS@FD4'==
MN3,\@W8"E`!_&_YF?LQ_\%`?BS^RIX3U3POX.T'POJ]Q#%<7/@?5O$6C0W=W
MX)U.X58I]1T]I%8JTEOYB-$W[MG$4C!E22*?]&/^"$GP0\5_"3QM\2M?^-/C
MZ2?XC>+-(TG5O$'A2^,D^HZ9:RRW<D%SJ$SDE;JX+RR&!OWBH$=\&3:-\"TZ
MT>OZ:?G^GX?(>+=*O0X9Q_N0H0GROW?>G7:G#67NKDIP3O+O4?Q).]7]'J**
M*]X_CP****`"BBB@`HHHH`****`"BBB@`HHHH`****`"N"_:I\">)?BE^S!\
M1_AEX,M([C6/$?@+6-+TF"698UDN;BRFBB4NW"@NZ@L>!G)KO:S/&GC'PM\.
MO!VK?$'QSKUMI>B:%ID^H:QJ=Y)LAL[6&-I)9G;^%$168GL`:.5S]U=3;#8F
M>#Q$,1&UX-25]KIWU\C\)-6_X(?_`/!1+0-*N==UWX<>&[*QLK=Y[R\N_&UC
M'%!$BEGD=V<!55026)``!)K%^&O_``2(_;0^,^BS>)/A#8>!O%&G6]Y+:SWV
M@?$33KN*.>-V22,M'(0&5E88]N..:_8+XK?&?]D_]NS]F;XE?L^>`/VI/"UL
M/&OP]U719M3:Y1GL;>_TN;%\+>5XFFB6!VGR&5&2-CO`!8?DCX*_X)9_MA>)
M?#7BO7?#'_!1']E_[+XM\,1>!=4U'2O$UUIL872;_3I"\)M;.!);N-]+M[=[
MEUD9XFD5B2RLO=E_">7XJE/ZQ6=*2:T:>S^7KUZ>>GZCC?I)<=X><70P]"I%
MI[1ENMM?:_I^1ZE\+OV7_P#@H;^QUX1NOACXS^&/P1NKF1CJGPZN?B-XIT26
M[\'ZN9HMVJZ<+ELEBL?^K.8_/2"4Y$<D4_U-_P`$:/V'OVO/V5?B?\4_B!^U
M9I,8N_&EMISQZI)XCCU&XO[I)KN2>29U9F+DS*2S'+%CZ5^>&H_\&_7[37CO
M3-,G^*W_``4@^!VHZ'I$-_;Z)<7GCN]OHX+HQ-<+:Q^;"@C26X,/FE7W1I*T
MH21E6-_OO_@A-\$M>^"6N_%O0?C-\:?"GB3Q\=4MH[/0O"?Q%O->M]!\+I+<
M_P!G11BXGF,,#R-=/#YCO<&-E$S;P0.W&<+Y7@<+[>ABW4E#IRV6KM_P^]M%
MV/DL9XS<4<2T,3@,7@*-&.*MSSBI<SY6I]9M*[BM+)-N4K<S;/COXG?#3_@O
M++\</B=K?PX\7?M(?9YO$?B6+PUIQUZ6WTV#3Y+F]99[4R&>.X0:;&T4$1%I
M-'=WEE);NYMR&]+_`&P]._X+/Q?LS:7\.OV8/$/Q_P!2M=$^*M]'X1URZLXX
M?$VM>'8K&W9+C6[I6@F5EO);J.&/R%$\2[IN88FDYOXH_`3_`(*4:U\0-!^'
M'[.4=HFM^%?C'\1-:;4]`^/.AVFJZAI^N7$\;6EFDCW#6<\>G^=MGDA=K:63
M>L.80QQ_^"MW["?_``4GN/BDG[2VA>,I/"7@9/AEX3T/Q=K_`(K^+UI$BWL;
MVJO%>2YA6Y8WZ6Q,HA19I55E09"C[6E4HU<50C.5!;M72>J=DFN;JM8^;:M?
M4_%JT*M/#UG"-5WTTNO-M.W1Z/R2Z:&;XQD_X+V7WP_NTLM:_:MF\1-X1-SI
M5O8Z1IT%FGB+4KEDUA+F<>5*ME#9-+]ABB24V]Q)"\,EN+<!OVC_`&;X?&]M
M^SQX"M_B:;X^)(_!>EKXA.J2%[G[<+2(3^<Q)+2>9OW$DY;-?B1K/_!*G_@J
M_P"$?&7B;XE?'R31?">G&X\1R^.OCKI?Q%5HK?2M2:2'5M5N=+N+@V\EK%ID
M^I-#;VL&GSQO/%(90T`C/O7_``2]_P"">_[6/P]_:S^&'[1^J_`&[\&^#8+:
M&YU2>'XO6?BRQU2%_#.HVOVZ.:9A>6S3WEU%,8(3+;2K.F5B-C$\WG9UA\#B
M\&Y1K4ER)R7(HJ[M\/Q=;::-W;YDM+]^5UL5A\0KTJCYK)\S>BO\6W3KJE9*
MS?3]<:***^`/L`HHHH`****`"BBB@`HHHH`****`"O+?VX])\):_^Q3\8-"\
M?>,G\.:%>_"WQ!!K7B%-+>^;2[1]-N%FNA;1LKW!C0L_E*P9]NT$$YKU*N7^
M-_PF\._'OX+>+_@7XOO[ZUTGQIX7U#0=4NM,D1+F&WO+:2WD>)I$=%D"2,5+
M(R@@95AP=L/-4\1"3=DFG^)G6BYT912O=,_!7P%_P3B_X)Z>*O@1K.M>-?\`
M@KS9Z/=:YJ>EVOA?QG\2?@Y?:'=P6%M9W8N+2Q34-122XM+B&^@5VB81!8%0
MAMV%KW'_``1Z_P""8&K>"+75['_@O#X`EAT2X$&L75WX:MY;4/</(\"00C5%
M:WRD,N[YY-S*6^3A3]Z^.?\`@V#_`&./B;?6^I_$7]K#]H37+BST^"PLIM5\
M7Z1.;:UAB2&&"/?I1V1I'&BA5P`%%9W[0'_!KM^R5\8_&%AXV\+_`+0?Q"\/
M70ETBVUF"2#3+F"XTVSLX;.2.W2.UA-O=RQVZ/\`:',T:R-(Q@<,%7]&AQ+A
M.?\`WZHKZO\`=P=ME;X.WDE?6Q\1/(L1R6^J0=M%[\_GU[_\.?(GQ/\`^"27
M_!%RU^)L]MIW_!9+PWX;\-2>*4U0>#VEL[I[31[B*"5;."Y>X.+C86V7DD<N
M(VA62&1HG>7[,_X(,?L+_LW?L<>,/B'J/P)_X*!>%?C5/XI\.Z+/>6?AO0([
M(Z9;++>^3.^R^N=RRL95`(4CR3USQ+HW_!KE_P`$YM"\33^(+3QG\3Y8)]#O
M=.72+W6=,N+6)[C3I;(WB"73V<7,;RF\B8N5CN8XV";$$5>Y_P#!+;_@D]\)
MO^"7?AGQCI?@CQQ>^*M4\7ZY]HN-=U33(;>XAL(MPM+(F/._RU=B[Y"O([NL
M<0(0>9FN>8?$Y7.A#%U)MJ/NRA%)ZWW2NK6OO=Z;GH9?E-:ACHUIX>$=]8RD
MVM.STU]-#\P_CM_P1L\=?&CX]_$O7/`G[?7P9\+>,/"7Q-U%#X9DUO5;-;&W
MU.2;43--?3*62^=+N)9+>VB-OAC^\5MR-R,7_!&W]H;Q+JUU\)]6_P""@7[-
MVM:AHND/_;VF:C\8_$#F?[8)A97<Z;0GF02!980@6,O;Q^=',I97_13QU_P;
M?_L3^._BSK_QON_B_P#%BT\2>)Y_$#ZY>Q:SI5PMRNL1W4-S'LN]-F5`D%W+
M#"4"O&`C[C(@DKC-#_X-5/V"?#5V]_H/[0?QPM9I+*ZLWDBUW0\F"YMY+>>/
MG2.CPRR(?9S7H4N)\-&DHO%/1*W[I:/KJGMU777NM>*KP_6E5<O8K5N_OO:^
MFEGKWZ?>?#OP<_X)N6_C'QW\2_V=[/\`X*C_``\\3?%3P[X;CM6\,^+-2UA/
M#LHO[2[L=3S/<0JMU):K>65U9W=NT@6YA"S6P5E=/U7_`.",?_!//XW_`/!.
MK]GO7OAO\??B_IWBS6]=\3'4(UT>XNI[73K=+>*WC@CEN0CN"L0<@1H%+;1N
MQN/@EK_P:@?\$]K.Y@N8_CG\:V-O,DD:/KNB%<J01Q_9/3BOT\KQN(,]AC**
MHX>LYQE9RO!1::M:UNC=W;==V>GDV42PE7VE:FHRC=*TG*Z>][]5H@HHHKX\
M^E"BBB@`HHHH`****`"BBB@`HHHH`****`,30?B5\.?%/]B_\(QX_P!$U'_A
M)-$?6?#OV#589O[4TY?(W7MML8^?;C[5:YE3*#[3#S^\7)J'Q*^'.DZ7XBUS
M5?'^B6UEX0W_`/"6WEQJL*1:)LM8[M_M;EL6VVVFBG/F%<12I(?E8$_"'A?P
M+^WM:?LU_#'X-V?[(GQ0TC_A7?[/47A+7=/M_BEI>EQ:KKPO/"\,-Y:/H_B&
M">;[+;V6K7`66>Q,T1>U\^'[8Y'E_P"S=^R#_P`%4/!'PM^-,+^%_BAH'Q`\
M6ZWXSU'3_$FM?%R*>UU71I_#$EAHFGP0MK^HO9ZO'J46ERI>2N9(;6Q,3:G(
MH$4WMQRO#.,I.O%6>BYHZZ[[]O)]/.WD2S'$*44J,G=;VEIIZ=_/]+_I_P"&
M/B5\.?&VJ7VA^#/'^B:O>Z7G^TK/3-5AN);3%U=6A\U$8F/%S97L!W`?O;2>
M/[T3A;VO^)?#GA2QCU3Q3K]EIMM+>VUG%<ZA=)#&]S<SI;V\(9R`9)9Y8HD3
MJ[R(J@LP!^`M"_8M_:HL?VM/!/Q,\7>`/&M[X2\,?&O4=<M--T#XEK:6MG!J
M.O\`Q&N)M2:S3488I?W6J^&))\H\[VLDML$E'VJV/4:!\*_VFOC):>(]"G\:
M7OB[0_AS\7?"FA^$,^(97AGM-,^($.LZC=-/,RKJDEIHT6D:=)<7#S727^B:
MO`I,LD\EYC4P&'C4]VJG'2^W5V[_`#=[?.QI#&UW#WJ33UMOT5^WR5K_`"N?
M:OAKQ+X<\9^'-/\`&'@_7[+5M(U:RBO-+U33;I)[:\MI4#Q312H2LD;HRLKJ
M2&!!!(-&@>)?#GBNQDU3PMK]EJ5M%>W-G+<Z?=)-&ES;3O;W$)9"0)(IXI8G
M3JCQNK`,I`^'/^&0_P!M'Q[X%\"_\+,\6?%"#6]%^%_P>TK5?[%^-^HZ;YFH
MPZY<?\)H\_V#4HDNK@Z:T>^Y?>\G'V>1I%XY?PQ^Q9^V_P##?Q-\8];^'J?$
M--?\3>%X[#PSXL\1?%BZUN.32K/QYKL[Z4J7&MI<+=S^&[C3TLY1);&!Y;C_
M`$_3KB:>9G]0PK3_`'RNFETMK;6]]DGJ[=&K!]=Q*:_<NUF^M^O2V[MHK]4[
MGZ%Z_P")?#GA2QCU3Q3K]EIMM+>VUG%<ZA=)#&]S<SI;V\(9R`9)9Y8HD3J[
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M*R1NC*RNI(8$$$@U\'_"KX0_M-?M"O\``G]J[XP:MXH\?W_A_P"+MAYMYX0\
M;RZ3IW]AVOA:[TJXUV.R2YLK*[M+K7VN=2CN(HY;B[TC488PKP2&Q3SVQ_8\
M_P""J'P6^'/PN^''P.U_QKI7A+P]\%/#)UO1;#Q/%KNHZ=\0!#-%=3VRWOB+
M38FL+2*V@0V$EW-I+/<0[--N09Y+?19;A[\LJ\5);WVZW6]]++HMS)YA7LI1
MHMQ?;?I9]NKZ]#],M?\`$OASPI8QZIXIU^RTVVEO;:SBN=0NDAC>YN9TM[>$
M,Y`,DL\L42)U=Y$5068`W:^;?VW/V8/C1^UQ\0/#W@'0K_POIG@/1O"^N-K\
MOC30+G4[;5=0U2TDTE([:+3M4L+N.2'3;C6(Y9))DA`U6`QI/,GFV7D.@_!#
M_@H5;_V+_P`)/9?%"\\C1'MO$7V#XTVEM]N^(?[C;XMMMYE^R^&1MNLZ:_GQ
M'SH?^*:'DMYV%+!T*M)2]JE+JGT[>NWRNKF]3%5J=5Q]FVNC77O^?SLS[PHK
MXJ^%7PV_X*%?#NY\/?$/QA8>-?$$/A;6]*NO'7A&/QW:7%YXUUG^Q]>L=:U+
M2_M-ZMK!I%Q=W^AW=MIUQ-8QP+I5PZ6-K*(H[CR+Q?\`L/?\%$/'_P"QSKW@
M_P`;7OQ#U3QKXG\+P^'M<TN]^,DTEM=:?'\+8$*>4=1^RI))XQMD6:=0)K@2
M3B9Y+*YG\S6&74'4:E7BEIK=?/JME_EWMG+'UE!.-&3>NFO^77_@GZ945^;7
M[47[.'_!0+XL?M*?#B#X%?#3XU^"OA_9^-?!\?C:Z?\`:`O1+>^&DL[<:F)I
M8_%C>3<1[FMI8K>PEFGELY+Q-2E:Y,;=1X8_9@_:V\"?$/XQ^.-0\'_%V_U3
MQ)\/(_#_`(/\0:'\2K:^D-I8>+M=CL;-X;[7+5O,;0I]%E:Y66WNMAU*1+ZV
MU.ZEEF;R[#JDI>WC=I:::7:W][HM7^79+'UW4<?8NROKKK9=/=^7ZGW[17GG
M[*7A7QOX*_9Z\+^&_B1I-[8ZY!9.VI6VI^*;W6;E9'E>3,MS>W5Y,)"&#-!]
MKNTMR3!%=7,4*3R>AUYE2*A-Q3O9GHPDY04FK7"BBBH*"BBB@#\Y_A-^VU\3
M/A+XCG^']C\6K+79)+)M0UWQ]XTU75]6T7Q'XA@=(SX9MK4P17WAOQ5J?F23
M2^'8$O4TJ.S@6UTZZDN)PM+X;?\`!1?]JCX'?L7?#[3O&DNB>+-;N?A?\/->
MN?B5J%FL4&C:=K>G:N5DU<:KK=I!=W`N-#6W:]EU.Q2XGUF';$)(DM[OT/\`
M9-_X+@_`[XZ>(X_"WQ:A\+^&[F]^'FC^,;27P'XHO_%]MI=C=O.EY'K=Q;:5
M##H4E@4MC=-=.(8A>(S2JJL:]0^.'_!4?]G'X,^'/!&OR6_BB\;QO\0X/",-
MI/X#UV"YTJ^9$G>"]M%T^2\MKN2V='M+)[<37AN+=D"VSRW</TU6%>%;V4\(
MW)M/O>VNZ5MNB=O+2Q\]3E1G2]I'%>ZKKM:]ELW?>VMK^>I\\^!/^"F_[;_B
MSX1V?[3NJ)\(K7PW-\//B3X[N/!.FZ#=:E<I8^$M9MK%M+BUVWU@VMS)=1W!
M*ZE%:F%"@=;>='`'M?\`P3]_X*#^*_VG+'Q?>_'G0?"_@N30[W18UTZ3Q-I2
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M/_@L%^T7\)?`OBGQCX8_X5?J&I^&?A?'KWAWP=-I%XU]\0]^N>(=+;7]**:@
M&32([+2;77FC2*[_`-!N&7[8J%;T?5OB_P#:B_9`^,^D:]X/U]O%&NQ^"_%$
M-Y<Z7I_@#Q"]S=ZAH>OP(TVG16]IYNKQV6JV]LMP]D+B&$F,3D1RC>?L<_M`
M?`[]K7X@?%?XY_"3PM>V]SH'BBU^'FI:WJ<%_9W.HQZ5:)?^7+87L,,EC);7
MFMZC;LC1[V,19F*E$CUC5H0H\\\*_=M>^B?PZ-V6KUO97ZJVK63IUIU>6&)7
MO7M;5K?5*[VTW=NCOL^*T#]IS]JZV_:.D_9:\4^)?AY>>)#>W.DQ?V?X'OK:
M=;9M"?5;?QF;-]5ED.B)>&+0G@W@27J.RZA$[BR3YZ\;_P#!;+]K;1?B`^HZ
M)^QE90Z&GA?17T+P9K.LVUGJ?C#7Y[0/J^D:??WM[:R27>F7DJZ?)8V.EZG<
MM=VKV\JVDMQ$J?0O[-O_``5C^$?QX\1_$#P?JGP]\46&K_#ZRT[4M9TOPQX6
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MC1^H:9_P5!^`UMHOCWQM\0/"'Q#T#PWX(\47&ERZO)\)O$\\BVUOHFE:I<7M
M_;)I?G:1&@U(HOVI4$B6[3(S(2$-4_X*C_LXZIX4\*^(_A);^*/$TGB_Q1X9
MTW3(+CP'KNF1I8ZSJME8P:K-+<Z>%M[1TNI)+:>;RX;Y[2>"WE>2.7RY<*LK
MWPKNVM>EK*Z^&R;773EOY#4Z:M;$JR3TZWN]=[NW;6]O,^-]7_X*_?M*>"/V
MB]4\2_:O!6KV6K_"_P`,:IK'AF[UVSTG3O`6KB\UIY?!>I7&KZY:V]GKTJR>
M7/?8%P$TDM_8LJQ/Y'T+\8OVI?VO-,_9;\3?M&P?'[X7^"-,T[]H6#PO9WFI
M?#Z>2+2-!M?'DOAVZDO[B?5UBF\R)89Y)E2V$<2W*)L>6*ZMOI+P'^U1\#OB
M-X<\0^./#_BF]M_#?AFR^W:EXNU[PY?Z5HLUCLDD^W6FHWL$5K?VGEQ-+]JM
MI98?+*2;]DB,WBOB_P#X*X_`[X+?!?7OBW^TS\+?B'X&N=!LH=1G\,S>"K^\
MO!8W=M!<::\[Q0"'3Y+@W*V/^F/!"-2L]1M(YYULI)S;J2Q%2*I86SBXW6[:
MTTLUUTUMZWOK*IJA3DZF)NFI6>R3[W3Z:Z7]+6/!_&7_``47_:H_98TZ#P_?
M2Z)XHTSQW\4/BA_8WBO6;-5_X0'3M$\875I_Q,YM2UNRM+ZWF:ZM+*VW7>EI
M:YMXE^V.T4+_`'[\$/B#??%OX+^$/BKJFB66FW/B;POI^K7.G:;KT&JVUK)<
MVT<S117MO^YO(U+E5GB^24`.ORL*Y?\`:._:5_X49^R'XK_:R\-?#'6_%$/A
MSP5-XD@\-.G]D7D\$<'GD3+?B-[39'EY4>,SQK'(JPR2A86\OU__`(*1?V)X
M@O='7X,^;#J^MZGHGPWG/B+:VJ:CIWBO3_"5VNI)]G(TRW_M;5+1HY8&OG>S
M$TS112HEK)S58SQU).E12?,TW=7;WM;39->MF]^8Z*4H8.HU4JMJRLK/1;7O
MKN[_`'I;<I]045\V_#O_`(*->'/B/\0/`?PLT/X77MQJ^N_$/7/!/CV\LM22
M73/"6M:7::S-+:_:61&O9)GT:9X8UBCD6TG@N;E+0W%K#<%Y_P`%&O#EG^U=
MX1^!,GPNO?\`A#O&E[XCT;2?B2VI(D,.M:+?6NGW<-Q;.@^SVCZA=)ID%R\H
MDGOPL*6YBGMKF?D>`Q:ERN.MF^FRO_DVENTKK0ZEC<*X\REI=+KN[?YJ[V3=
MGJ?25%?&_A__`(*QWVO^"-+^)8_9_LK;2!\/-`\9^+K&Z^($$6L:-H=Y96&H
MZCKT.GR6ZR:EHEC:W<T)O+8M<3ZA9R6:6:C=<)>\??\`!6;P=X+U37;9?ACB
MT\-^-?L.J76IZU)"QT&VNO$=MJNJ1)!:S[[BT_X1+7[L63%1/9VT#1S_`&NX
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M"#5186-LUM<7/D3.8Y-,LGKUWX?_`+*G[5WP:_:%^(G[4/P_E^'FH>*OCM9:
M(OCZ'6=8OHM/\&W.F17%K:R:?%':M)K<:VMQ"LD<TNFF>:R>17MEO1#9?23G
MAZ+O3K.ZNU[T=^;57MII>=]4]%;FV^?A&O55ITE;1/W7M;1[ZZVC;1K5WY=S
MP=^PG\"]0L?A3:_#7]H#Q0VG>&/"^I:G\-=;\%>"O"MK8P+=3B=]2MM0TW08
MX;224WUJ?L\$L-OJ,-J5GMKV'[<)3P)_P2`_9N^'_@C5/`FB^,O%$=MX@O=5
M7Q*VGV&AZ9'J>D:I9:99ZGHAMM.TRWM;:TNH]'L&>6UA@O%>)WCNHVED+XGQ
ML_X)K>(_$OP_TSX0>%;+POXN\'>"/A%X=\$^!-#\=ZD\%R5M;LSW\\]Q%8SV
MPD>73/"MTIN+*_MY3I%Q;-:117DLC<O\&_\`@F-\?_A?^V;\+_BMJ5_\+[GP
M9\+MD.E7_AWPUI.@WC6K^%[JRO(H]/L=!62#[1KE_?ZB8QJS6JK=,!;&15<9
M*KS4Y2CB;-)NUDK[M)6ZN^JMO>U[&CIVG&,L/=:*]WILF_16TUVM>USVOX@_
M\$W_`(2^/?#4GAM/B9XUT?S/^$K5[O3+G3W:2+Q%XFLO$6I6\L5S9S07%N]Q
M9):F":-XI+.>>&9)O,WBE_P3V_9V_9E_8MA\??LS?L^>,/%&MW,OQ#U#7/%K
M:MX?BAMM-U6;3M'GDM8WL-/M;"VC-K>:?+#;QJ`1),(@5MY4A\'\9_\`!*[]
MI3_A#K:U\$GX7R:GXIT30I?C7!*MG!%XUUYI-9O]?OKDWWA_4[:Y\S59]%N+
M-KBRD-I%;7<-JM@D[K+YY^R'_P`$.OC1\#?#FF:Y\7_A7\!_%&O^';*RL[GP
M_:ZC<Q:1X_MBFH074.LG^QPL<:(OAJZB1[:^!O/#S7.(;C4;JY;3DHRPDX3Q
M5U?1)*[;UN[O:_GUO?<CGK1Q,)0PUG;5MO1;6T6]O+I;L?7?B'_@FUHOB:;Q
MF-7_`&M?B[<6WC7POI/AR[L[V\T2[6VTK3=1EO;.T\RYTN2:^C`N;VUF&H27
M9O+>^G2[-PS*Z\3\/_\`@EU^Q!XK^$?Q$_9)M_%OBCQ!H<-[HGASX@Z7(+73
M522RUFX\916B+8V5K##'*?$6UQ:*B);O%%"8)8F8>*_$#_@CE^UM?^'/AW/#
M\0OAYXW\607NMQ_';QEXI2V@U/XB6,26]GX<CGGU#0]9C:.WL[.SEGM)H986
MN[=+C,UTJ7R]KX*_X)I_M;>!_P#@FUX-_92F\0?#S6O&,WBBVG^+YNKBV?2O
M$6E6.GOI^EP0G5-`U.".2"WL/#JDG3@7.G2,7\V1IW;:A27+BUK);*UG%_$^
MMDHZ;;QO;6R2<JCYL*](O=WNFOA72[<M=]I;Z7]#^,?_``1[^%O[0'A;6?#'
MQB_:;^*'B#_A)-;O]5\176IV?AB;[?=7.EZ9I:S_`&=]$-M;7%O::7%';W=O
M##=0?:;LK-^_:NHUS_@G]\%_!?A3X<Z7IGQ%^(>G:=X'LO`GAZXMM$MK:^D\
M3VWA[58;C0DU%?L$TD<<%X\DLL]I]D&RXG:X<0Q*8?D36O\`@@]\5/B#\,](
M\#?$C1?A$=9@^'FC^%M2\8Z:HEN1=PZ1;Z7_`&Y$M[I$]QYEE8VPLET[[6MK
M?F0:C$=$OH4>NH^*7_!)7]KSQ#KLGCGX-7OP4\&3-K=KKG@CP5<6<^I:-\)K
MS3;&Y-O'X>/V&`+_`&CJW]G:G>3106*I)9;)[?5HI)89:?LVHP^N*RZ<J2Z;
M6;]5II;I+E3E<Z<I_57=_P!YM_.Z7H]=;]5=KZ%N/V8?V=/A#X.\??L\>/?B
MKXUUV]^+VB:QXG\9P6?ANS2\U_2;.2TCUA5M-"TN"W>XN5U&.WFGBM_[5N5O
M%6.=FM;9K:]\0_\`@E5^RCXH\.>*O!/POT>]^$V@>/?"[Z#X^T/X16]CH=MX
MBME2Y%J]P([4LDEN]W<.#"T0N!)Y-XMW;@0#Y2_9_P#^")GQB\&_$;XBZ]\3
M_AI\%/[,\9?V79:+=Z3=VXU'1=&GFT^S\4:>IT[PUI4'_$QT>&[@BGAC@DM'
MDD$11[Z\NV]"\(?\$DO&\FM'6_B/X:^'D^K^'[+PCIGASQ9:ZU>RWVJ3P:VL
M_BOQ;,C6<?\`9OB+5M/@LT%]#)<7L,UK'LU%"BS5$_94I7ABM=+V2LWI:RO]
MG3S3BVEHBX.K4C:6&TUM=NZ6M[NWVM?)IV>[/LCXE?!'2_B_^SIK_P"S?\1/
M&6MZC9>*/!5UX:UWQ#FUAU&YBN;-K6:Z_=0+;I<,KL_R0K$'/$87"5X/\-OV
M,OV-/VJ;'Q3^V#\/M8\47\/QJ\+S6UGX@U#1Q87:Z9<SP3R8%[8QW6H6D\EG
M:NEOJWVVT^RQI;01+IT[VTO+_MC_`/!,_P"(W[4?QBU'5;JX\%7OAGQ!XUT7
M4?$FIZ^\SZI=>%8[>TL=2\%*@MG\NP?R[G6H+E+A#%JC1/';PS(NI)B?MS_\
M$GM=_:1^,7ASQY\/?AY\+[33/`VB6=AX7M9;:QM_.TZWM[BV@T*6UU'0M8M+
M>WMVOKV\CNH(@DFZ"UDL&>WM=2MN?#*C"$8K$<KEKLK+;1Z[MV5]$DG=-/3?
M$.M*3;H<RCIOJ]]=NBN[:W;75:^O>`/^"2G[!?PSOOA]X@\)?L^>%[;7/A[X
MH;Q#:^(XO">EQ7VK:@T%VA>[DBM5'EK/>&[B@MQ!#;S6UKY"0Q6\<0H^,/V3
M?@[\*]"^(_C_`/:.UK[7\+-*\%>/I;MUN;A9UT;Q/?+K/B2WO(K:+S9/)EL]
MUK<6LB2&"Z>!H#+;K=7'PAX(_P"")O[;/Q!_97TLIXC\%2WOQ*^%ZS_$&P^(
M%C#:ZS<>*+AK[4;;6]1EO]"U.X^WVK>(-4TV58GMKLQV-O,M[$TIMK7T+]IC
M_@A/\0/$_P`7+&V_9W^"GP'M?AAH7BC2I-,\-:Q]DT^YO_#T>C1V.H:;=74'
MAFXU)KN>9[R5=1?4YGB,D,RQ+<PQ31]SHT?;VGC;[ZV[/HW+1N[MY7?D<2JU
M?8WAA+;:7[KR6J5E?SLO,^R-/_X)J?`C_A`O#OP>\7^+O&OB;P/X9\%)X>T_
MP9KNOJUGN&@R>'WU`20Q1W,-Q)I4T]N\4$T5GNN);A;9;ES<5R_QB_X)7_"O
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M`!)K=[X/\!:W\1[CX7:1!I\>E6>F7_B.XU^R(T<69CEN9=0T**W:2<V4U[YU
MS+=N]G!']^T5Z]3-:<H-0H0C=:V2U>C3U72U[;-O71)'E0RRI&2<JTI6>EV_
M.^SZWM?=)::ML_-K]FGXQ?\`!6W]H+QCI_ASXLO\4/AI9#P5?>*-:LM.\&Z9
M<ZO+]FC@BTK18+W5=`L]'M;^^BO4N[K,]Y_I%C+&(M#42VL?GOBGP5_P49\=
M>'-8\<^'?B[\7=:USXD?$/PK\&=8U3Q#\#M-_L^Y\,HEY=W?BF^T74?#=M,N
MF`:M=VQLG\M89O.$FI7T7E!?UGHJHYO"$W*%""6FEE;1WZJ[UMN^FMQ/*IR@
ME*M)O76[[6Z.RTOLNNECX/\`A[^T9_P4*L?@I\8OCMXV^''Q0O8=5_LK_A7?
M@[6/"EI8:OX7_M/Q!J<?[F+3](OIY_L.@W?AZ]GWVVI;;B*[MSOEANK>+SWX
M4_M`_P#!5[Q+\*]/^)GB^+XNVTEM\79_`VHZ./AW9I.?#*G4=1N_&S17/AVV
MN[N2+39;:SL[:*UM5EO=.B=[>ZDNVTQOTRHK-9E07-^XC=N^VR2M9+\?-[FC
MR^L^7]_*R5M]W>]W^7ET/S:^(/Q2_P""@7P4^!$G[0?[/7P]\:ZWJ?C7QKXK
MUSQ(-9\#7L.KZM>:2MEHGAJWN-*@T.YN8;?5-*TA;NZ7[/IJFX?,>H:6DL-N
M^+^U=\./V]O&7CKPE^SIXU^*GQ0\6PZ/XU?3;+Q^WP4TO4-.U.\OM#TG2KV^
MN[:+1WLHM(2#Q1JTJ07#;=FA:K;2WD\MY:RZ3^G]%73S:-.:DJ4;J_17UV6W
MV5IINO1$3RQSBTZLNG5]-^O5ZZ[/U/RR\"O^WY\//A'X2\;_``HTCXAEI++4
M?$/CC5O%_P`-([7Q#HLGBS6=0U"^TRQ:'PS=7`DT_4=&M([GRM+O$OD\0?:_
ML]C;064MK]0?\$Y=<_;H\;>(_%'B7]L;Q-XH$EG96T9TBXT*RTO1;?5[AWFO
MM/LK9M+BOGCTW9%:Q7ZZCJ-G?QS^?',9`\=O]6T5EB<RCB*<H^RBF^MM5K?>
MWK]^VAIA\OE0J1E[632Z7T>EN_I]V^H4445Y9Z04444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!_
"_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
