KPMG Update

The proceedings have now reached a conditional settlement. The settlement is conditional upon judicial advice being received from the Court that Trilogy Funds Management Limited (as responsible entity of the fund) is justified in accepting the terms of the settlement deed and settling the proceedings on those terms.

 It is a condition of settlement that the terms of the settlement be kept confidential.

 It is currently anticipated that the judicial advice application will be listed in mid to late April.