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EH22

11/16/12 9:52 AM

#6819 RE: fuller11 #6818

Fuller,

The Warrants Conversion was updated.

I suggest you read and file to yourself the following document:

http://files.shareholder.com/downloads/TRX/2167346686x0x579701/88E0CF09-A679-4D2F-9924-7A46A2C20C7F/Tronox_Warrants.pdf

I believe it answers your question.

All the best.

EH22