Capital Structure

Quoted Securities                                                                 Number Issued

VML Ordinary Shares                                                               153,819,777

Unquoted Securities                                                            Number Issued

Options (20 cent) expiring 17 November 2011                          2,000,000

Options (40 cent) expiring 30 June 2011                                 2,000,000

Options (12 cent) expiring 20 February 2011                          1,400,000