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APPLIED LEARNING LIMITED (ALG)

Delisted from ASX 03/03/1997

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Removed from the Official List following a Scheme of Arrangement with CBT Group PLC03/03/1997
we understand CBT was listed in the US on the Nasdaq market and under the scheme of arrangement ALA ordinary shareholders received the equivalent of A$1.10 for each ALA ordinary share by way of new CBT American Depositary Shares - the number of CBT ADSs issued for ALA Shares was based on A$1.10 per ALA share and the lower of the prevailing CBT ADS price immediately prior to closing and US $6003/03/1997
name changed from Unlisted Investments Limited06/09/1993

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