Cyclopharm Limited advised that Mr. Vanda Gould has been redesignated as Non-Executive Director effective from October 23, 2013. Mr. Vanda Gould was appointed as the Group Non-Executive Chairman on 1 March 2007. Due to the demands on his time from fighting charges in relation to an ongoing taxation dispute, Mr. Gould has advised he will be unable to dedicate sufficient time to the role of Chairman in the near future forward although he will remain on the Board as a Non-Executive Director.

In the interim, Mr. David Heaney, an Independent Non-Executive member of the Board since 20 November 2007 has been appointed as acting Chairman until further notice.