Statement from TeamTalk

Kordia supplies services to TeamTalk and we have a longstanding relationship with Kordia. They are one of our preferred suppliers and we are happy with our commercial arrangements.

TeamTalk did not authorise the release of any Kordia material. The statement in question was sent to a junior member of TeamTalk's staff who contrary to company policy copied it to Jonathan Brewer of Araneo. We are treating the matter very seriously and are taking steps to ensure that such a breach of policy does not occur again.

It is important to note that the item quoted was one paragraph from a complex 25-page document and was taken out of context.

We value our relationship with Kordia and regret that this incident has occurred

____________________________________________
Jeremy Simons

General Manager - Operations

TeamTalk Limited

How Work Gets Done

Phone: ++64 4 802 1478

Mobile: ++64 21 715 390

Fax: ++64 4 802 1490

Mail to: jsimons@teamtalk.co.nz

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