Dear Members,

We have received a letter from Marina and Resort in response to our previous letter.

Even though we do not agree, with any of the sentiments expressed in Shaun’s letter, I am sharing it with you for transparency.

I will send another email immediately rebutting all of Marina & Resorts positions.

Please read this letter and prime yourselves with this knowledge prior to the AGM tomorrow.

See attached – M&R Reply

Kind Regards,

Richard Archer Commodore