14 May 2015
ASX Limited
Exchange Plaza
2 The Esplanade
PERTH WA 6000

RESIGNATION OF DIRECTOR - DAVID NETHERWAY

We advise that Mr David Netherway has resigned his position as Non-Executive Director and will not therefore seek re‐election at today's AGM.
The Board would like to express its gratitude to David for his service and contribution to Crusader during his term as a Non‐Executive Director. He has been a valuable part of the team and on behalf of the Board I wish him every success for all his future endeavours.

Stephen Copulos Chairman
distributed by