JANISON EDUCATION GROUP LIMITED — AGM Information 2004

Nov 18, 2004

Hamilton James & Bruce Group Limited

ABN 90 091 302 975

The 5^th Annual General Meeting

On 19^th November 2004

At 11:00am

Chairman:
Opening Remarks	Good morning ladies and gentlemen. It is my pleasure in my inaugural year as your Chairman to welcome you to the 5 th Annual General Meeting of Hamilton James & Bruce Group Limited. The Company Secretary, the Group's auditor and the Group's legal advisers are in attendance this morning. The Company Secretary has confirmed that the meeting is properly constituted, a quorum is present, and that the proxies have been inspected and all those validly lodged have been accepted. therefore declare the meeting open. Before I say a few words about Hamilton James & Bruce Group Limited I would like to introduce myself and the Board. My name is Anna Buduls My fellow Non Executive directors are: Peter Storey Deborah Wilson and Nicholas Burton Taylor I would like to especially welcome and introduce: John Colvin our Managing Director and Chief Executive Officer. John was appointed on 16 th August 2004. John was the Chief Executive Officer of Legal firm Blake Dawson Waldron from 1995 to 2001 and Chief Executive Officer of the Management Consulting firm PA Consulting for the Asia Pacific region for nine years prior to that.
Chairman's Address	In fiscal year 2004, HJB earned a profit after tax of \$2.18 million, a 56% improvement over the previous corresponding period. The result was based on a strong second half performance with the Group taking advantage of improved trading conditions in the white collar recruitment business. During the year, the Board strengthened its recruitment and general business expertise with the appointment of Deborah Wilson and Nick Burton Taylor. The Board also undertook one of its most important duties, that of employing a new Chief Executive Officer, Mr John Colvin. John has significant expertise in growing professional services businesses and under his stewardship, I am confident that our clients and candidates will be professionally served, our staff ambitions will be fulfilled and our shareholders rewarded with improved Group performance.

Outlook	Fiscal Year 2005 has commenced in a promising manner with both revenues and operating profit after tax to the end of October in excess of the same period last year. The Board is confident that apart from unforeseen circumstances, the Group will exceed last year's full year profit after tax of IS2.18 million.

Questions	Are there any questions or matters for discussion that shareholders would like on the past year performance or outlook prior to proceeding to the formal litems; << >> I now would like to proceed with the formal items of business on the agenda.
Notice of Meeting	The Notice of the Annual was mailed to all Registered Shareholders of the Hamilton James & Bruce Group on 20 th October 2004.
Resolution 1 Financial Statements and Reports	The Auditor's Report, the Annual Directors' Report and the Annual Financial Report were circulated to all shareholders with the Notice of Annual General Meeting. I now open the floor to questions on the financial statements and request that any person wishing to speak, first identify themselves and show their voting slip which was given to them at registration. << >> If questions are asked: As there are no further questions, I request that the Company Secretary record in the minutes that the Financial Statements and Reports were considered and received by the meeting. If no questions are asked: As the Annual Report contained comprehensive financial information, I note that there are no questions from the meeting on the financial statements. I request that the Company Secretary record in the minutes that the Financial
	Statements and Reports were considered and received by the meeting.
Election of Directors Resolution 2(i) Re Election of N Burton Taylor	In accordance with ASX listing rules and the Constitution of the Company all Directors who have been appointed since the last Annual General Meeting must retire at the next Annual Meeting and offer themselves for re election. All Directors (excluding the Managing Director) must retire by rotation at least every three years. At every Annual General Meeting, one third of the Directors (exclusive of the Managing Director) must retire from office. The Company has received no nominations for Directorships. Mr Nicholas Burton Taylor, who was appointed as a Director of the Company since the date of the last Annual General Meeting, retires as a director of Hamilton James & Bruce Group Limited and being eligible presents himself for election. I move that Mr Nicholas Burton Taylor be elected as a Director of the Company. As Chairman of the Board, Chairman of the Meeting and personally, I confirm that I am holding 26,065,283 proxies from 55 shareholders in respect of this resolution of which: 21,589,195 (or 82.8% of the valid proxy vote) will be voted for the resolution and 122,000 will be voted against the resolution. The Chairman has been nominated to hold 3,764,088 proxies which will be voted in favour of the resolution Any discussions or questions about the motion? Voting will be on a show of hands. I now put the motion. All those in favour please show your yellow voting slip. All those against please show your yellow voting slip.

	<< >>
	$\ll$ If the chairman determines that a poll is required then she will say
	I call for a poll in relation to this resolution. The poll will be taken when
	all items on the agenda have been dealt with in accordance with the
	notice of meeting. Please mark your voting card now and they will be
	collected by the Registry at the end of the business. We will announce
	the result of the poll at the end of the meeting.
	₽r,
	I declare the resolution carried/lost
Resolution 2(ii)	Given that this matter before the meeting is the resolution for my re-election
	Re-Election of A Buduls as a Director of the Company, it is not appropriate for me to remain in the
	chair whilst this matter is before the meeting.
	Accordingly, with the leave of the meeting, I propose that Mr Peter Storey take
	the Chair whilst the resolution is put. I hand the Chair to Mr Peter Storey.
	Peter Storey
	Thank you Anna.
	Ms Anna Buduls retires as a Director of Hamilton James & Bruce Group
	Limited and being eligible presents herself for re-election.
	I move: That Ms Anna Buduls be re-elected as a director of the Company.
	As Chairman of the Meeting and personally, I confirm that I am holding
	25,232,225 proxies from 53 shareholders in respect of this resolution of which:
	17,716,717 (or 70.2% of the valid proxy vote) will be voted for the resolution and
	3,161,420 will be voted against the resolution. The Chairman has been nominated to
	hold 3,764,088 proxies which will be voted in favour of the resolution
	Any discussions or questions about the motion?
	Voting will be on a show of hands. I now put the motion.
	All those in favour please show your voting slip.
	All those against please show your voting slip.
	<< >>
	$\le$ If the chairman determines that a poll is required then he will say
	I call for a poll in relation to this resolution. The poll will be taken when
	all items on the agenda have been dealt with in accordance with the
	notice of meeting. Please mark your voting card now and they will be
	collected by the Registry at the end of the business. We will announce
	the result of the poll at the end of the meeting.
	Юr,
	declare the resolution carried/lost
Resolution 3	Directors believe that it is in the best interests of shareholders to introduce an
Introduce an Employee	incentive share plan to increase the motivation of key staff and thereby create
Performance Rights	a stronger link between increasing shareholder value and employee reward.
Plan	The reasons for this Plan can be summarised as:
	$\hat{ }$ Assist the Company in the recruitment and retention of talented people;
	Link the reward of key staff with the long term performance of the Company;
	Align the key employees with shareholders interests
	Details of how this incentive share plan operates, its rules and hurdle rates are
	detailed in the explanatory notes to the Notice of Meeting. I would
	nevertheless like to bring to your attention that the shares associated with
	these rights will not vest unless two hurdles are met: earnings per share must
	grow at the rate of 15% per annum; and the total shareholder return (ie the
	dividend plus any share price increase) must be at least in the top 50% of the
	ASX 300 companies. Our staff will only get these shares if you the
	shareholders prosper.
	∥ move:
	That shareholders approve the introduction of an Employee Performance
	Rights Plan under the terms described in the explanatory notes to the Notice
	of Meeting.
	As Chairman of the Board, Chairman of the Meeting and personally, I confirm
	that I am holding 20,581,958 proxies from 52 shareholders in respect of this

resolution of which:
13,945,987 (or 67.7% of the valid proxy vote) will be voted for the resolution and 2,659,933 will be voted against the resolution. The Chairman has been nominated to hold 3,386,038 proxies which will be voted in favour of the resolution
Any discussions or questions about the motion ?
Voting will be on show of hands. I now put the motion. All those in favour please show your yellow voting slip. All those against please show your yellow voting slip. << >> \ll If the chairman determines that a poll is required then she will say: I call for a poll in relation to this resolution. The poll will be taken when all items on the agenda have been dealt with in accordance with the notice of meeting. Please mark your voting card now and they will be collected by the Registry at the end of the business. We will announce the result of the poll at the end of the meeting. Юr, declare the resolution carried/lost

Resolution 4	Shareholder approval is sought to grant 950,000 Performance Rights to
Grant Performance	lMr John Colvin.
Rights to	These shares would vest over a three year period dependent upon the
Mr John Colvin.	Company reaching certain performance hurdles.
	Shareholder approval is required under ASX Listing Rule 10.14 because
	Mr John Colvin is a Director of the Company.
	The value of the issue of these shares was taken into account by
	Directors when assessing Mr Colvin's overall remuneration package.
	The major terms of this issue and in particular details of the hurdle rates
	required for the shares to be issued are detailed in the explanatory notes
	to the Notice of Meeting. ∎ move:
	That shareholders approve the issue of 950,000 Performance Rights to
	Mr Colvin under the terms as detailed in the explanatory notes to the
	Notice of Meeting.
	As Chairman of the Board, Chairman of the Meeting and personally, I
	confirm that I am holding 20,587,958 proxies from 52 shareholders in
	respect of this resolution of which:
	12,094,375 (or 58.7% of the valid proxy vote) will be voted for the resolution
	and 4,512,545 will be voted against the resolution. The Chairman has been
	nominated to hold 3,391,038 proxies which will be voted in favour of the
	lresofution Any discussions or questions about the motion?
	Voting will be on show of hands. I now put the motion.
	All those in favour please show your yellow voting slip.
	All those against please show your yellow voting slip.
	<< >>
	$\ll$ If the chairman determines that a poll is required then she will say:
	I call for a poll in relation to this resolution. The poll will be taken
	when all items on the agenda have been dealt with in accordance
	with the notice of meeting. Please mark your voting card now and
	they will be collected by the Registry at the end of the business. We
	will announce the result of the poll at the end of the meeting.
	₿r,
	I declare the resolution carried/lost.

Resolution (5)
Staff and Directors
Employee Share
Acquisition Plan
	Shareholder approval is sought to introduce a Staff and Directors Employee Share Acquisition Plan. their pre tax remuneration to subscribe for or acquire shares 'on Plan. lieu of acquiring shareholding interest in the Company. This Plan further aligns the interests of all employees who acquire shares under this Plan with those of shareholders. I move that shareholders approve the introduction of a Directors Employee Share Acquisition Plan under the terms described in the explanatory notes to the Notice of Meeting. As Chairman of the Board, Chairman of the Meeting and personally, I confirm that I am holding 20,599,958 proxies from 54 shareholders in respect of this resolution of which: 15,345,820 (or 74.5% of the valid proxy vote) will be voted for the resolution and 1,273,100 will be voted against the resolution. The Chairman All those in favour please show your yellow voting slip. All those against please show your yellow voting slip. << <from a="" as="" determine="" hands="" isrequired?>>> call for a poll in relation to this resolution. The poll will be taken they will be collected by the Registry at the end of the business. We will announce the result of the poll at the end of the meeting. 0r. I declare the resolution carried/lost. Having passed Resolution 5, the introduction of a Salary Sacrifice based Staff and Directors' Employee Share Acquisition Plan, I would this plan for each Director as required under the Listing Rule 10.14. SACRIFICE programme. The maximum value of shares that can be salary sacrificed by Mr Colvin over a 3 year period is \$500,000. move: of a Salary Sacrifice programme under the Staff and Directors' Employee Share Acquisition Plan to Mr John Colvin. The maximum value of shares to be issued under this programme over a three year period is \$500,000. As Chairman of the Board, Chairman of the Meeting and personally, I confirm that I am holding 20,569,958 proxies from 52 shareholders in
	13,479,104 (or $65.5\%$ of the valid proxy vote) will be voted for the
	The Staff and Directors Employee Share Acquisition Plan is a SALARY SACRIFICE programme which allows employees and directors to apply market'. These shares will be held and administered under rules of this This Plan is a tax effective way for employees to sacrifice their salary in $\overline{ }$ $\ll$ If the chairman determines that a poll is required then she will say: with the notice of meeting. Please mark your voting card now and acquisition of shares now like to seek specific approval to issue or acquire shares as part of That Shareholders approve the issuing, or acquisition of shares as part respect of this resolution of which:
	has been nominated to hold 3,391,038 proxies which will be voted in favour of
	the resolution
	Any discussions or questions about the motion?
	Voting will be on show of hands. I now put the motion.
	when all items on the agenda have been dealt with in accordance
Resolution 6
For the issue or
under the Staff and
Directors' Employee	This resolution is to seek shareholder approval to issue shares to, or
Share Acquisition	acquire shares on behalf of, Mr John Colvin as part of a SALARY
Plan to Mr Colvin
	resolution and 3,109,816 will be voted against the resolution. The Chairman
	has been nominated to hold 3,391,038 proxies which will be voted in favour of
	the resolution
	Any discussions or questions about the motion?

	All those in favour please show your yellow voting slip.
	All those against please show your yellow voting slip.
	<< <from a="" as="" determine="" hands="" is<="" of="" poll="" show="" th="" to="" whether="">
	required?>>>
	$\leq$ If the chairman determines that a poll is required then she will say
	I call for a poll in relation to this resolution. The poll will be taken
	when all items on the agenda have been dealt with in accordance
	with the notice of meeting. Please mark your voting card now and
	they will be collected by the Registry at the end of the business.
	We will announce the result of the poll at the end of the meeting.
	0r,
	I declare the resolution carried/lost.
Resolution 7	Given that this matter before the meeting is a resolution for the issue or
For the issue or	acquisition of shares under the Staff and Directors Employee Share
acquisition of shares	Acquisition Plan to me, it is not appropriate for me to remain in the Chair
under the Staff and	whilst this matter is before the meeting.
Directors' Employee	Accordingly with the leave of the meeting, I propose that Mr Peter
Share Acquisition	Storey take the Chair whilst the resolution is put. I hand the Chair to Mr
Plan to Anna Buduls	Peter Storey.
	Peter Storey.
	Thank you Anna.
	Continuing on from the approval of Resolution 5, the introduction of a
	Staff & Directors' Employee Share Acquisition Plan, Resolution 7 seeks
	shareholder approval to issue shares to, or acquire shares on behalf of
	Ms Anna Buduls as part of a SALARY SACRIFICE programme. The
	maximum value of shares that can be salary sacrificed by Anna Buduls
	over a 3 year period is \$225,000.
	move:
	That shareholders approve the issuing, or acquisition of shares as part
	of a Salary Sacrifice programme under the Staff and Directors
	Employee Share Acquisition Plan to Anna Buduls. The maximum value
	of shares to be issued under the
	programme over a three year period is \$225,000.
	As Chairman of the Board, Chairman of the Meeting and personally, I
	confirm that I am holding $20,569,958$ proxies from 52 shareholders in
	respect of this resolution of which:
	13,341,604 (or 64.9% of the valid proxy vote) will be voted for the
	resolution and 3,247,316 will be voted against the resolution. The Chairman
	has been nominated to hold 3,391,038 proxies which will be voted in favour of
	the resolution
	Any discussions or questions about the motion?
	Voting will be on show of hands. I now put the motion.
	All those in favour please show your yellow voting slip.
	All those against please show your yellow voting slip.
	<< <from a="" as="" determine="" hands="" is<="" of="" poll="" show="" th="" to="" whether="">
	required?>>>
	<< If the chairman determines that a poll is required then she will say
	I call for a poil in relation to this resolution. The poll will be taken
	when all items on the agenda have been dealt with in accordance
	with the notice of meeting. Please mark your voting card now and
	they will be collected by the Registry at the end of the business.
	We will announce the result of the poll at the end of the meeting.
	0r.
	declare the resolution carried/lost.
	now hand the Chair back to Anna for the remainder of the meeting.

Resolution 8	Continuing on from the approval of Resolution 5, the introduction of a
For the issue or	Staff & Directors' Employee Share Acquisition Plan, Resolution 8 seeks
	acquisition of shares shareholder approval to issue shares to, or acquire shares on behalf of
lunder the Staff and	Ms Deborah Wilson as part of a SALARY SACRIFICE programme. The
Directors' Employee	maximum value of shares that can be salary sacrificed by Deborah
Share Acquisition	Wilson over a 3 year period is \$150,000.
Plan to Deborah	move:
Milson
	That shareholders approve the issuing, or acquisition of shares as part of a Salary Sacrifice programme under the Staff and Directors Employee Share Acquisition Plan to Deborah Wilson. The maximum value of shares to be issued under the programme over a three year period is \$150,000. As Chairman of the Board, Chairman of the Meeting and personally, I confirm that I am holding 20,569,958 proxies from 52 shareholders in respect of this resolution of which: 13,341,604 (or 64.9% of the valid proxy vote) will be voted for the resolution and 3,247,316 will be voted against the resolution. The Chairman has been nominated to hold 3,391,038 proxies which will be voted in favour of the resolution Any discussions or questions about the motion? Voting will be on show of hands. I now put the motion. All those in favour please show your yellow voting slip. All those against please show your yellow voting slip. << <from a="" as="" determine="" hands="" isrequired?>>> \leq If the chairman determines that a poll is required then she will say I call for a poil in relation to this resolution. The poll will be taken when all items on the agenda have been dealt with in accordance \, with the notice of meeting. Please mark your voting card now and they will be collected by the Registry at the end of the business. We will announce the result of the poll at the end of the meeting. 0r.
	I declare the resolution carried/lost.

Resolution 9 For the issue or under the Staff and Directors' Employee Share Acquisition Plan to Nicholas Burton Taylor

Continuing on from the approval of Resolution 5, the introduction of a Staff & Directors' Employee Share Acquisition Plan, Resolution 9 seeks acquisition of shares shareholder approval to issue shares to, or acquire shares on behalf of Mr Nicholas Burton Taylor as part of a SALARY SACRIFICE programme. The maximum value of shares that can be salary sacrificed by Deborah Wilson over a 3 year period is \$150,000. move: That shareholders approve the issuing, or acquisition of shares as part of a Salary Sacrifice programme under the Staff and Directors Employee Share Acquisition Plan to Nicholas Burton Taylor. The maximum value of shares to be issued under the programme over a three year period is \$150,000. As Chairman of the Board, Chairman of the Meeting and personally, I confirm that I am holding 20,569,958 proxies from 52 shareholders in respect of this resolution of which: 13,486,604 (or $65.6\%$ of the valid proxy vote) will be voted for the resolution and 3,102,316 will be voted against the resolution. The Chairman has been nominated to hold 3,391,038 proxies which will be voted in favour of the resolution Any discussions or questions about the motion? Voting will be on show of hands. I now put the motion. All those in favour please show your yellow voting slip. All those against please show your yellow voting slip. << <from a="" as="" determine="" hands="" isrequired?>>> \le If the chairman determines that a poll is required then she will say call for a poll in relation to this resolution. The poll will be taken when all items on the agenda have been dealt with in accordance with the notice of meeting. Please mark your voting card now and

Resolution 10

0r. I declare the resolution carried/lost. Continuing on from the approval of Resolution 5, the introduction of a

For the issue or
	Staff & Directors' Employee Share Acquisition Plan, Resolution 10
acquisition of shares	seeks shareholder approval to issue shares to, or acquire shares on
lunder the Staff and	behalf of Mr Peter Storey as part of a SALARY SACRIFICE programme.
Directors' Employee	The maximum value of shares that can be salary sacrificed by Deborah
Share Acquisition	Wilson over a 3 year period is \$150,000.
Plan to Peter Storey	I move:
	That shareholders approve the issuing, or acquisition of shares as part
	of a Salary Sacrifice programme under the Staff and Directors
	Employee Share Acquisition Plan to Peter Storey. The maximum value
	of shares to be issued under the
	programme over a three year period is \$150,000.
	As Chairman of the Board, Chairman of the Meeting and personally, I
	confirm that I am holding 20,569,958 proxies from 52 shareholders in
	respect of this resolution of which:
	12,137,502 (or 59.0% of the valid proxy vote) will be voted for the
	resolution and 4,451,418 will be voted against the resolution. The Chairman
	has been nominated to hold 3,391,038 proxies which will be voted in favour of
	the resolution
	Any discussions or questions about the motion?
	Voting will be on show of hands. I now put the motion.
	All those in favour please show your yellow voting slip.
	All those against please show your yellow voting slip.
	<< <from a="" as="" determine="" hands="" is<="" of="" poll="" show="" th="" to="" whether="">
	required?>>>
	$<<$ If the chairman determines that a poll is required then she will say:
	I call for a poll in relation to this resolution. The poll will be taken
	when all items on the agenda have been dealt with in accordance
	with the notice of meeting. Please mark your voting card now and
	they will be collected by the Registry at the end of the business.
	We will announce the result of the poll at the end of the meeting.
	0r,
	I declare the resolution carried/lost.
Resolution 11	This resolution seeks approval to issue 100,000 existing shares in
For the issue of	Hamilton James & Bruce Group Limited. These shares were initially
$100,000$ shares to Mr	granted to employees on listing in September 2002. Subsequent to
John Colvin from	listing, the shares have been forfeited by employees and are held in
HJ&B Employee Pty	Trust on behalf of employees.
∥Ltd	As the shares have already been issued, there is no cost to the
IF A POLL HAD	Company of making these grants.
BEEN CALLED FOR	The shares issued to Mr Colvin will be held in escrow until 16 August
ANY OF THE ABOVE	[2007. If he leaves within 3 years, the shares will be forfeited to the
IRESOLUTIONS	Trust.
Poll Procedure	The major terms of the issue are detailed in the explanatory notes to the $\mid$
IRECONVENING	Notice of Meeting.
AFTER A POLL	move:
	That shareholders approve the issue of 100,000 shares from the HJ&B
	Employee Pty Ltd Trust.
	As Chairman of the Board, Chairman of the Meeting and personally, I
	confirm that I am holding 20,589,958 proxies from 53 shareholders in
	respect of this resolution of which:
	15,099,320 (or $73.3\%$ of the valid proxy vote) will be voted for the
	resolution and 1,509,600 will be voted against the resolution. The Chairman
	has been nominated to hold 3,391,038 proxies which will be voted in favour of
	the resolution
	Any discussions or questions about the motion?
	Voting will be on show of hands. I now put the motion. All those in favour please show your yellow voting slip.

	All those against please show your yellow voting slip. << <from a="" as="" determine="" hands="" isrequired?>>> << If the chairman determines that a poll is required then she will say I call for a poll in relation to this resolution. The poll will be taken when all items on the agenda have been dealt with in accordance with the notice of meeting. Please mark your voting card now and they will be collected by the Registry at the end of the business. We will announce the result of the poll at the end of the meeting.
	0r. declare the resolution carried/lost. Our Registry officers will now collect the voting cards for the resolutions that a poll was called for. Are there any outstanding voting cards? I now declare the poll closed.
	To allow for the counting of the Poll, the meeting is now adjourned for $\,$ approximately 20 minutes, during which time I invite you all to have refreshments in the foyer. I will advise when the meeting will be reconvened. < >
	Ladies and Gentlemen, if I could have your attention please, I would like to now announce the results of the poll in relation to those resolutions for which a poll was called. < > For the resolution XXXXXX
	Against the resolution XXXXXX Abstain from the resolution XXXXXX Therefore I declare resolution [NUMBER] carried/lost
Meeting Close	Is there any other business that can lawfully be brought forward? I would now like to give you an opportunity to ask any further questions < >> There being no more questions, I would like to thank you all for your attendance at today's meeting and I now formally declare the 2004 Annual General Meeting of Hamilton James & Bruce Group Limited closed.

PROXY SUMMARY OF VOTES
FRIDAY 19 NOVEMBER 2004

PARAMETERS

ssuer Code	: HJB

Report Name : PROXY SUMMARY OF VOTES REPORT

Meeting Id : HJBAG200402

PROXY SUMMARY OF VOTES FRIDAY 19 NOVEMBER 2004

Available Votes

									Total	Total
Resolution	For Votes A A A A A A A A A A	.For Holders Percent	For	Open Votes	Open Holders	Open Percent	Against Against Example 11 Holders Percent Votes	Against	Available Votes	Disregarded Votes
Total Valid Proxy Forms
02A	21,589,195 35 82.83% 4,354,088				18	16.70%	$-122,000$ 2 47%		26,065,283	2,710,390
02B	17,716,717 28 70.21% 4,354,088				18	17.26%	$3,161,420$ $7 \cdot 12.53\%$		25,232,225	3,543,448
03	13,945,987 27 67.76% 3,976,038				16	19.32%	$2,659,933$ 9 12.92%		20,581,958	8,193,715
04	12,094,375 15 15 58.74% 3,981,038				17	19.34%	4,512,545 20 21.92%		20,587,958	8,187,715
05	15,345,820 27 74.49% 3,981,038				17	19.33%	$1,273,100$ 10 6.18%		20,599,958	8,175,715
06	$13,479,104$ 16 65.53% 3,981,038				17	19.35%	3,109,816 19 15.12%		20,569,958	8,205,715
07	13.341.604 16 64.86%			3.981.038	17	19.35%	$3.247.316$ 19 15.79%		20,569,958	8,205,715
08	13,341,604 16 64.86% 3,981,038				17	19.35%	3,247,316 19 15.79%		20,569,958	8,205,715
09	13,486,604 16 65.56% 3,981,038				17	19.35%	$3,102,316$ 19 15.08%		20,569,958	8,205,715
10	12,137,502 16 59.01% 3,981,038				17	19.35%	4,451,418 19 21.64%		20,569,958	8,205,715
11	15,099,320	17	73.33%	3,981,038	17	19.33%	1,509,600 19	7.33%	20,589,958	8,185,715

PROXY SUMMARY OF VOTES FRIDAY 19 NOVEMBER 2004

Available Votes

Resolution	$-$ For $-$ For - For Holders Percent Votes	Open Open Holders Votes	Open Percent	Against Against Against - Holders Percent Votes in the car	Total Available Votes	Total Disregarded Votes
Total Proxy Forms
02A	21,589,195 35 82.83% 4,354,088	18	16.70%	$122,000$ 2 47%	26,065,283	2,710,390
02B	17,716,717 28 70.21% 4,354,088	18	17.26%	$3,161,420$ 7 12.53%	25,232,225	3,543,448
03	13,945,987 27 67.76% 3,976,038	16	19.32%	$2,659,933$ 9 12.92%	20,581,958	8,193,715
04	12,094,375 15 58.74% 3,981,038	17	19,34%	4,512,545 20 21.92%	20,587,958	8,187,715
05	45,345,820 27 74.49% 3,981,038	17	19.33%	$1.273.100$ 10 6.18%	20,599,958	8,175,715
06	13,479,104 16 65.53% 3,981,038	17	19.35%	$3,109,816$ 19 $15.12\%$	20,569,958	8,205,715
07	13,341,604 16 64.86% 3,981,038	17	19.35%	$3,247,316$ 19 $15.79\%$	20,569,958	8,205,715
08	13,341,604 16 64.86% 3,981,038	17	19.35%	3,247,316 19 15.79%	20,569,958	8,205,715
09	13,486,604 16 65.56% 3,981,038	17	19.35%	$3,102,316$ 19 15.08%	20,569,958	8,205,715
10	12,137,502 16 59.01% 3,981,038	17	19.35%	4,451,418 19 21.64%	20,569,958	8,205,715
11	15,099,320 17 73.33%	17 3,981,038	19.33%	1,509,600 19 7.33%	20,589,958	8,185,715

PROXY SUMMARY OF VOTES FRIDAY 19 NOVEMBER 2004

Disregarded Votes

Resolution	Abstain Votes	Abstain Holders	$\langle \cdots \cdots \cdots \cdots \cdots \rangle_{\alpha_{\alpha_{\alpha}}}$ and No Instruction Votes	No Instruction Holders	Excluded Votes	Excluded Holders	ing a say a thag a love Invalid Invalid Votes Holders	Total Available Votes	Total Disregarded Votes
Total Valid Proxy Forms
02A	1,892,990		$5 \t3 \t317,400$ with $1$ .		0		$\begin{bmatrix} 0 & 0 & 0 & 0 & 0 & 0 & 0 & 0 & 0 & 0 & 0 & 0 & 0 & $	26,065,283	2,710,390
02B	2,726,048		$\frac{1}{2}$ 817,400 $\frac{1}{2}$ 817,400		$\Omega$	0	$\mathbb{R}^n \cap \mathbb{C}^n \subset \mathbb{C}^n \subset \mathbb{C}^n$	25,232,225	3,543,448
03	1,873,990	3	$-817,400$ $-1$ , $5,482,325$			4	$20,000$ and $ -$	20,581,958	8,193,715
04	1,867,990	3	$817,400$ 1 $1.5,482,325$			4	$20,000$ $1$	20,587,958	8,187,715
05	1,855,990		$817,400$ $1.5,482,325$			4	$20,000$ and $-1.4$	20.599,958	8,175,715
06	1,885,990	3	$817,400$ 1 5,482,325			4	$20,000$ . The $1 -$	20,569,958	8,205,715
07	1,885,990	3	$817,400$ $1.5,482,325$			4.	$20,000$ and $-1$ and $-1$	20,569,958	8,205,715
08	1,885,990	3	$817,400$ 1. $1 - 5,482,325$			4.	$20.000$ and $1.5$	20,569,958	8,205,715
09	1,885,990	3.	$817,400$ $5,482,325$			4	$20,000$ . The set of $1.4$	20,569,958	8,205,715
10	1,885,990	3	$817,400$ 1 $5,482,325$			4	$20,000$ . The set of $4.5$	20,569,958	8,205,715
11	1,865,990	$\overline{2}$	817,400	1.	5,482,325	4	20,000	20,589,958	8,185,715

PROXY SUMMARY OF VOTES FRIDAY 19 NOVEMBER 2004

Disregarded Votes

Resolution	Abstain Votes	Abstain Holders	The Control No. :No Instruction Votes	Instruction - Holders	Excluded Votes	Excluded Holders	Invalid Invalid Votes Holders		Total Available Votes	Total Disregarded Votes
Total Proxy Forms
02A	1,892,990		$5 \t3.817,400$ and $1.6$		0		0.00000000000000000000000000000000000		26,065,283	2,710,390
02B	2,726,048		$\sim$ 817,400 and $\sim$ 100 and 100		$\Omega$	$\Omega$	$\mathbf{0} \in \mathbb{R}^{n \times n}$ , $\mathbf{0} \in \mathbb{R}^{n \times n}$ , $\mathbf{0} \in \mathbb{R}^{n \times n}$		25,232,225	3,543,448
03	1,873,990		3 817,400 4 5,482,325			4	$20,000$ and $-1$		20.581,958	8,193,715
04	1,867,990	3	$817,400$ 1 $1 - 5,482,325$			4	$20,000$ $1$		20,587,958	8,187,715
05	1,855,990		$817,400$ 1 5,482,325			4	$20,000$ and $4 -$		20,599,958	8,175,715
06	1,885,990		$3$ 817,400 1 5,482,325			4	$20,000$ . The $1 -$		20,569,958	8,205,715
07	1,885,990	3.	$817,400$ 1 5,482,325			4	$20,000$ and $1.4$		20,569,958	8,205,715
08	1,885,990	3	$817,400$ 1 $5,482,325$			4	$20,000$ $-1$ $1$		20,569,958	8,205,715
09	1,885,990	3.	817,400 $\sim$ 1 5,482,325			4	$20,000$ and $1.1$		20,569,958	8,205,715
10	1,885,990	3	$817,400$ $1 \cdot 5,482,325$			4	$20,000$ . $1.11$		20,569,958	8,205,715
11	1,865,990	$\overline{2}$	817,400	1.	5,482,325	4	20,000	1	20,589,958	8,185,715

Number of Proxy forms Processed

Number of Valid Proxy forms Processed

59 59

end of report