Contango Asset Management Limited announced that with effect from Mr. George Boubouras is stepping down from his role as Managing Director and Chief Investment Officer of CGA. Mr. Marty Switzer, a Director of the company, will act as interim Chief Executive Officer. Based in Sydney, Mr. Switzer is well placed to oversee this transition and take a more active role in the growth of the Company's strategic investment in Switzer Asset Management.

George Boubouras is ceased to be director on October 27, 2017.