Release to Australian Stock Exchange

PANAUST LIMITED ABN 17 011 065 160

Level 1, 15 James Street, Fortitude Valley, Brisbane | QLD | 4006 | Australia

PO Box 2297, Fortitude Valley Business Centre | QLD | 4006

T: +61 7 3117 2000 | F: +61 7 3846 4899 | E: info@panaust.com.au

ASX ANNOUNCEMENT

23 December 2014

Settlement of claim made by former Managing Director

The Company and the former Managing Director, Mr Gary Stafford have entered into a deed of settlement and release for the settlement of all matters arising from the past employment of Mr Stafford and for the discontinuance of the legal proceedings that had been brought by Mr Stafford.
In accordance with the mutual confidentiality obligations contained in the deed, the Company will be making no further comment in relation to this matter.

For further information contact: Garry Nickson

MAGNUS

Tel: +61 414 930 082

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