The board of Clear Media Limited announced that Mr. Jonathan Bevan has resigned as a non-executive director and a member of the capital expenditure committee with effect from July 15, 2014 due to his desire to pursue other business opportunities. Mr. Bevan has confirmed that he has no disagreement with the board; and there are no matters in relation to his resignation that need to be brought to the attention of the shareholders of the company. The Board also announced that Mr. Cormac O'Shea has been re-designated as a non-executive director and appointed as a member of the capital expenditure committee with effect from July 15, 2014.

Mr. O'Shea is currently the chief financial officer of the international division of Clear Channel Outdoor Holdings Inc.