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Report on aspects of the initial public offering of Vertex Group Holdings Limited in 2002

TABLE OF CONTENTS

• SUMMARY OF CONCLUSIONS
• BACKGROUND TO THIS REPORT
• THE COMMISSION'S INQUIRY
• VERTEX'S SHAREHOLDERS AND MANAGEMENT
• THE BUSINESS OF VERTEX GROUP HOLDINGS LIMITED
• THE IPO PROCESS
• THE DUE DILIGENCE PROCESS
• THE OFFER DOCUMENT
• PROSPECTIVE FINANCIAL INFORMATION
• CORPORATE GOVERNANCE MATTERS
• ACTIONS
• APPENDIX A
• APPENDIX B
• APPENDIX C
• APPENDIX D

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