Robbi
Crown Corporation Limited
16 June 2005
Crown Corporation Limited ('Crown')
Update
The Company has posted its full audited report and accounts for the year ended
31 December 2004 on its website -
www.crowncorporation.com
.
In addition, in response to numerous requests from investors the Company wishes
to clarify certain issues:
a) The number of shares currently in issue is 71,396,118 common shares of
Euro 0.001 ('Common Shares'). A further 71,000,000 Common Shares are being
issued to the shareholders of Crown Pharmaceuticals Limited as
consideration for the transfer of the USD 294,126,185 term deposit with the
Banco do Brasil, a further 2,000,000 Common Shares are being issued to
Stuart Pearson and his family pursuant to the Company's acquisition of
Langbar Capital Limited and a further 100,000 Common Shares will arise on
conversion of the Founder Shares.