Correspondence

[copy of email sent to Chairman of Nuplex Industries Limited]

From: Des Hunt [mailto:desmondhunt@xtra.co.nz]
Sent: Monday, 21 September 2009 2:58 PM
To: 'Rob Aitken'
Cc: 'Bruce Sheppard'
Subject: FW: Enquiry From NZSA Website

Hello Rob

We have been receiving a number of complaints about the way the share scheme was cancelled and the loans to management being written of by the company. If this is correct what concerns the NZSA is that when shares go up management are very happy to take the benefits but if things go the other way the rules change. However as shareholders we have to take the good and the bad. Perhaps you would be kind enough to explain what losses management actually incurred or was it covered totally by the company. We trust if introducing any new schemes it is pointed out to management by the company that there is risk owning shares and that they should be aware that the company will not be bailing them out in future at the expense of the other shareholders.

With kind regards

Des