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Message: Response from Block, follow-up question.

Response from Block, follow-up question.

posted on May 05, 2009 10:03AM
Please find the response to my first e-mail and follow-up questions.

Hi orgy,

Attached please find a copy of both the Look and UBS news releases
issued today. The Court still needs to approve this transaction and
parties can object if they so choose (and could appeal any Court
decision as well).

The Board made its decision based on the bids received and acting in
what it saw as being in the best interest of Look's shareholders.

Regards,

Peter Block
Investor Relations

Peter, is there an intention to release details about other bids? if so
when, if not why?  I see no reason why owners of the company can not
access more details than a press release, although we hire a team of
professionals who are accountable to a board that represents the
interest of all shareholders, transparency will ensure all of those who
have entrusted those people with the roles they have are beyond reproach.

I look forward to the acquisition of additional material so that I can
be satisified that majority interests were not disproportionately
satisified.

Although it is normal to put a positive spin on the outcome of the
process, given the auction last year and the excellent presentation when
the assets were put up for sale, I know I speak for a number of smaller
investors to say we are extremely disappointed and we  do not see the
value as having been maximized.

Thanks,

orgy

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