9 March 2006 Board of Directors Hannans Reward Limited Level 2 11 Ventnor Avenue WEST PERTH WA 6005

Dear Directors RE: HANNANS REWARD LIMITED

In accordance with section 307C of the Corporations Act 2001, I am pleased to provide the following declaration of independence to the directors of Hannans Reward Limited. As Audit Partner for the review of the financial statements of Hannans Reward Limited for the half year ended 31 December 2005, I declare that to the best of my knowledge and belief, there have been no contraventions of: (i) the auditor independence requirements of the Corporations Act 2001 in relation to the review; and any applicable code of professional conduct in relation to the review.

(ii)

Yours sincerely STANTONS INTERNATIONAL

John Van Dieren Director

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INDEPENDENT REVIEW REPORT TO THE MEMBERS OF HANNANS REWARD LIMITED

Scope We have reviewed the financial report comprising of the balance sheet, income statement, cash flow statement, statement of changes in equity, accompanying notes to the financial statements and the directors declaration of Hannans Reward Limited (the Company) for the half-year ended 31 December 2005. The directors of the Company are responsible for preparing a financial report that gives a true and fair view of the financial position and performance of the Company, and that complies with Accounting Standard AASB 134 Interim Financial Reporting in accordance with the Corporations Act 2001. This includes responsibility for the maintenance of adequate accounting records and internal controls that are designed to prevent and detect fraud and error, and for the accounting policies and accounting estimates inherent in the report. Review Approach We have performed an independent review of the financial report in order to state whether, on the basis of the procedures described, anything has come to our attention that would indicate that the financial report is not presented fairly in accordance with Accounting Standard AASB 134 Interim Financial Reporting and other mandatory financial reporting requirements in Australia and statutory requirements, so as to present a view which is consistent with our understanding of the disclosing entity's financial position, and performance as represented by the results of its operations and its cash flows, and in order for the disclosing entity to lodge the financial report with the Australian Securities and Investments Commission. Our review has been conducted in accordance with Australian Auditing and Assurance Standards applicable to review engagements. A review is limited primarily to inquiries of the disclosing entity's personnel and analytical procedures applied to the financial data. These procedures do not provide all the evidence that would be required in an audit, thus the level of assurance is less than given in an audit. We have not performed an audit and, accordingly, we do not express an audit opinion.

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Independence We are independent of the Company, and have met the independence requirements of Australian professional ethical pronouncements and the Corporations Act 2001. We have given to the directors of the Company a written Auditors Independence Declaration. Statement Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the half-year financial report of Hannans Reward Limited is not in accordance with: (a) the Corporations Act 2001, including: (i) giving a true and fair view of the Hannans Reward Limiteds financial position as at 31 December 2005 and of its performance for the half-year ended on that date; and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001; and

(ii)

(b)

other mandatory financial reporting requirements in Australia.

STANTONS INTERNATIONAL

J P Van Dieren Director West Perth, Western Australia 13 March 2006

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