Allocation history

2008/09 SEASON to-date

Date	Towns	Stock & Domestic	HIGH SECURITY		GENERAL SECURITY		Notes
			MI shareholders	DWE announcement	MI shareholders	DWE announcement
1 Jul 08	50%	50%	0%	0%	0%	0%	GS & HS have full access to water carried over in 2007/08. All water in accounts is tradeable from 1/7/08. Carry over limit has been increased to 30% for GS commencing in 2008/09 for 2009/10. No indication of any 2008/09 carry over for HS. Immediate embargo on all conversions from 1 Jul 08.
1 Aug 08	50%	50%	30%	30%	0%	0%	As above
15 Aug 08	50%	50%	40%	40%	0%	0%	As above