ASX Announcement 1 September 2016

ASX: DSB

Board of Directors

Chairman - G Dawkins

Chief Executive Officer - N McAlary Managing Director - S Bizzaca

Non-executive Director - G Garside

Company Secretary

M Etcell

Principal Contact

Chief Executive Officer - N McAlary

Registered office

Suite 220, Centric

4 Hyde Parade

Campbelltown NSW 2560

Telephone: +61 2 4629 0300

Facsimile: +61 2 4629 0399 Website: www.deltasbd.com.au

Retirement of Managing Director

Delta SBD Limited (ASX: DSB) (Delta or Company) wishes to advise the following changes to the Company's Board of Directors.

Stephen Bizzaca has notified his intention to retire as Managing Director of the Company and has accepted the position of Non Executive Director, effective 1 September 2016. As from that date, Neville McAlary will assume the position of Managing Director in addition to that of his existing role as Chief Executive Officer.

As Mr Bizzaca will no longer hold an executive management position, he will replace Mr Geoff Garside as Chairman of both the Remuneration and Risk Committees and also become a member of the Audit and Compliance Committee.

On his retirement, Mr Bizzaca said "I have enjoyed my time as CEO and Managing Director of the Company through very challenging periods, but I am pleased to be stepping into the role of Non Executive Director. The Company is in a good position to take advantage of any upturn in the coal mining industry with Neville now in the role of CEO and Managing Director, and I will be pleased to offer my continued support to both Neville and the Board in carrying our their duties to the Company and shareholders."

Chairman, Glyn Dawkins, thanked Steve for his significant contribution as CEO and Managing Director and acknowledged that the Company had benefited greatly under Steve's direction since the inauguration of Delta SBD through to the present.

Delta SBD Ltd. published this content on 01 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 September 2016 03:53:02 UTC.

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