Grand Banks Yachts Limited announced cessation of Roy Peter Ditmarsch as Chief Business Officer. Mr. Ditmarsch oversees commercial and business operations, and provides strategies for business growth for the Group's global boat brands, Grand Banks, Palm Beach and Eastbay. He also leads the Group's ERP implementation.

Other Directorships Past: Altus Financial Pty Ltd. Prodim Australia Pty Ltd. Altus Financial Corporate Advisory Pty Ltd. Nacon Pty Ltd. Aspire Strategy Management Pty Ltd. NSK Oceania Pty. Ltd. Nclave Australia Pty. Limited Verandah Reserves Pty Ltd. Gavi Capital Pty Ltd. Blue Ox Finance Pty Ltd. Other Directorships Present: Advisory Central Pty Limited Beauty Bay Produce Pty Limited DFSF Holdings Pty Ltd. Lot 50 NewBridge Road Pty.

Limited Penguin Sign & Trading Co Pty Ltd. Universal Management Services Pty Ltd. Ozresi Pty Limited Hoth Investments Pty Ltd. Reason For Cessation: To pursue other personal interest.