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Press, 26 July 1989, Page 33

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Do not participate in bonus issues. Earliest of optional conversion dates. Half convert for cash (190 c or ords 1:1 on 31.3.87, or all on same terms on 31.3.89. Cash at par or 1:1. Cash at par or convert one-third of holdings on 1.4.87 or one-half on 1.4.89, balance on 1.4.91. Convert at 81.5 per cent of then market value of the ords. Final conversion date. , Cash or convert half the difference between par and market values at 1.4.87, 1988 or 1989. Adjusted for issues. Exercise price. Exercise price may be varied according to rules set out in prospectus. 70 p.c. of weighted average price for July, 1988. Anytime before 31.03.91. or one month before bonus or cash issue, at 50c. lesser of 200 c or 70% of average sales Nov. and Dec. 1989.

Share Last Sale Conversion Date Conversion Terms Allegra ■ • 3 15.3.92 200c Apple Fields 140 a30.9.89 50c Arahi 2 31.7.89 119c Ararimu 1 31.5.93 50c Australis 1 31.3.90 50c Bexley 5 31.3.90 300c 5 1.4.89 1:1 at 110c Carter 52 al.4.90 300c Chase 0.5 30.9.91 500c Compass DF 1.4.90 50c Coronet FE 3 31.7.90 1:1 at 50c Corp. Inv 88 30.6.91 1:1 at 200c Elders NZFP 32 30.4.91 1:1 at 425c 0.5 15.8.89 1:1 at A140c Fin and fees 2 15.3.90 1:1 at 62c Gold Res 1.5 a31.12.88 1:1 at 25c Grocorp 6 31.3.89 p 60c Heritage 2 31.3.91 50c Horner Greenlees 15 1.10.92 1:1 at 100c Inv. Fin 1 1.4.90 1:1 at 185 Kale Cap 2 30.4.92 125 Kaurex 1 al. 1.90 50 Landmark 20c 1 30.9.90 4:5 at 40c Leverage 7 30.6.91 1:1 at 50c Main Corp 15 1.1.90 4:1 at t NZ Equit B 0.5 31.12.90 1:1 at 300 NZ Sk'ifields 10 1:6:89 1:1 at 125 Normedia 15 1.7.89 m 50c OHL Corp 3 20.4.92 2:1 at 150c Oilfields 10 30.9.88 m par Omnicorp 15 31.3.91 50c Paladin 2 31.3.88 1:1 at 50c Premier 1 31.3.90 1:1 at 5c Prodigal 1 30.9.90 5c Richmond Smart 10 27.7.89 1.6:1 at 100c Somex . . .' 1 31.12.91 m 25c Summit 5 15.4.90 25c Woodstock 8 1.1.92 1:2 at 60c