September 29, 2005

The Company provides the following update further to its request of 9 September 2005 for suspension of its securities.

Mr Sam Di-Giacomo has today resigned both as CEO and as a director of AHG. Sam will be actively pursuing other interests within the healthcare sector, and the Company wishes him every success in his future endeavours.

Mr Adrian Loader, a director of Quay Capital, a corporate advisory firm which specialises in helping companies attract capital, has been appointed as interim CEO.

The Company's focus in the short term is to seek additional funding to enable the Company's major business, Cottman Australia, to move forward with its national expansion plans, and to provide ongoing capital for the Company's Pharmeasy business. The Company has today received confirmation from Hawkesbridge Limited that it will make available to the group $1 million in loan funds for this purpose as soon as legal documentation has been put in place.

Hawkesbridge is an Australian private equity firm which manages over $90m on behalf of institutional investors.

The new CEO will also be working with the Company's senior management and auditors to complete the Company's half-year accounts to enable the Company to request the reinstatement of trading of its securities.

The Company will make a further more comprehensive announcement to the market in due course.