PRAETORIAN CAPITAL LIMITED

Former and subsequent names of this company: MAHNHEIM LIMITED, PHELPS HARRIMANN LIMITED, PRAETORIAN CAPITAL LIMITED, SAGE GLOBAL FUND LIMITED (as Sage Global it was a listed company!)

now called AUSTRALIAN AGRICULTURAL TECHNOLOGIES LIMITED (began life in 2000 as SAGE GLOBAL FUND LIMITED)

this company previously Sage Global Fund Limited is now called Phelps Harrimann Limited - its Share Registry is apparently Gould Ralph Pty Limited Level 40 AMP Centre 50 Bridge Street Sydney NSW 2000 AUSTRALIA Telephone: +61 (0)2 9231 0500 Fax: +61 (0)2 9231 0501 Email: registry@gouldralph.com.au - in all likelihood small shareholders will have seen their capital consolidated down to virtually nothing

we understand the company continues to look at opportunities which may lead to a re-quotation of the shares - however, directors do not envisage any quick decisions as they are seeking the right opportunity

court finds that Sage Global Fund Limited (now Praetorian Capital Limited), a public company, failed to obtain approval from its shareholders relating to payments made to related companies in contravention of section 208(1), and that both Dennis Ralph Anthony and Martin Lloyd-Cocks were knowingly involved in that contravention

company reports that litigation is concluded without penalty to Sage Global and recovery of $400,000 from the court in unwinding the litigation - Praetorian is now finalising the restucture of its investment in Mabtech

name changed from Sage Global Fund Limited, a company delisted from ASX