Kangaroo Island Seaport development has concluded, the Company (KPT) announced that Mr. Keith Lamb will shortly take over as Managing Director. This is part of a long-planned transition, as the Company anticipates moving into port construction, and forestry production and export operations, subject to regulatory approval. Mr. Sergeant will remain in an executive capacity and will continue as an executive director, as Mr. Lamb takes overall responsibility for the next phase in the Company's transition to profitable and sustainable operations. Mr. Lamb will become Managing Director effective 1 June 2019 and will be based in Adelaide. Mr. Sergeant will continue to be involved in the current development approval process, enabling Mr. Lamb to focus on the Company's medium to long term growth.