EuNetworks Group Ltd : Announcement Of Cessation As Interim Finance Director

Resignation Details
Name Of Person	Mahmoud Hamid Warriah
Age	45
Is Effective Date Of Cessation Known?	Yes
Effective Date Of Cessation	28/09/2012
Detailed Reason(s) for Cessation	Mr Warriah was appointed on an interim basis, and this appointment has now been completed. Mr Warriah's leadership responsibilities have been transitioned to Mr Andrew Field, who was appointed on 1 September 2012 as Group Finance Director, reporting to Mr John Scarano, Vice Chairman and Executive Vice President. Prior to this, Mr Field had been with the Group as Financial Controller since 3 January 2012. The Group is currently undertaking a search process for a Chief Financial Officer, and further announcements in this regard will be made in due course.
Is there any difference of opinion on material matters between the person and the Board of directors?	No
If yes, please elaborate	NA
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?	No
If yes, please elaborate	NA
Any other relevant information to be provided to shareholders of the listed issuer?	No
If yes, please elaborate	NA
Date of Appointment to current position	30/03/2012
Job Title	Interim Finance Director
Role and Responsibilities	Executive day-to-day leadership of the finance organisation within the Group.
Does the AC have a minimum of 3 members (taking into account this resignation)?	Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)	1
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months	3
Shareholding in the listed issuer and its subsidiaries	None
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries	None
Other Directorship
Past Directorship (for the last five years)	None
Present Directorship	Warriah Limited Wedderleigh Management Company Limited Linden Business Development Ltd
Other Notes
Footnotes	The Sponsor of the Company, CIMB Bank Berhad, Singapore Branch (the "Sponsor") is satisfied that there are no other reasons for Mr Mahmoud Hamid Warriah's departure. This Announcement and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr Jason Chian (Director, Corporate Finance), CIMB Bank Berhad, Singapore Branch, 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone [phone].

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