In light of the Dynacq Healthcare Inc.'s previously announced ongoing investigation of its past business practices, Mr. Philip Chan, the Chief Financial Officer and a member of the Board of Directors of Dynacq Healthcare Inc. submitted to the Board his resignation from both of these positions on November 28, 2012. This resignation was effective immediately. Mr. Chan was not a member of any committee of the Board.

Mr. Hemant Khemka, the Controller of the Company, will remain the company's interim principal financial officer, a position he has held since August 8, 2012.