Global Yellow Pages

[GPD]

Perhaps sueing for compensation is the new business model.

[cyclone]

Proposed Acquisition of Land in Queenstown, New Zealand.

The Land is a plot of freehold land of approximately 38,400 square metres located at Eastern Access Road, Queenstown, New Zealand. The Land currently forms part of a plot of land known as "Lot 5 DP 494556" which is proposed to be subdivided by the Vendor to create a separate legal title to the Land subject to the SPA. Upon the completion of such subdivision, a unique identifier for the Land will be available.

The consideration payable for the Proposed Acquisition is estimated to be the sum of NZ$19.2 million (exclusive of applicable goods and services tax, if any) and is calculated based on the area of the Land following final survey of the Land, at the rate of NZ$500 per square metre.