Many thanks for this, Alex. Progress by inches/ cms but progress still.

Regards,

Marianne

Marianne Quinn

Level 3, 115 Stuart St PO Box 20, Dunedin 9054

+ 64 34773115 or + 64 211612050

From: Alex King via Ucol-shareholders ucol-shareholders@list.king.net.nz Date: Tuesday, 5 December 2023 at 2:57 PM To: UCOL shareholders ucol-shareholders@list.king.net.nz Subject: [Ucol-shareholders] Liquidators first report. I hadn't seen it discussed elsewhere, but I see the liquidators have sent a first report to the companies office. I have attached it here.

One interesting point, they "estimate that the Liquidation will be completed by 1 May 2023."

By which they probably mean 1 May 2024.

Cheers, Alex

P.S. Not sure what "Recoverable Prepayments ($2899)" is, but it may be an insurance refund. Not sure what Estimated Liabilities ($10,000) is, but it's probably the liquidator's fee. They estimate $143,003 surplus to distribute to shareholders. That is enough to pay back our shareholdings and a small dividend as well.