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CLARIFICATION

An article in Daily Variety Feb. 21 may have conveyed an incorrect impression of the status of Oz video distributor Network Entertainment’s financial affairs.

In particular, the article indicated that the Australian Securities Commission had launched a probe of the accounting practices of the company, when in fact the ASC is simply carrying out what is known as a “post-vet surveillance” into Network’s prospectus.

Daily Variety does not know what the substance of the ASC action may be (if any).

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