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Experienced Primary Industry Leader at the Helm

5 January 2007

AgriQuality Places Experienced Primary Industry Leader at the Helm

AgriQuality is pleased to announce the appointment of Tony Egan as Chief Executive Officer, effective 10 April 2007.

Mr Egan will succeed AgriQuality’s long-serving CEO John Morgan, who left the Company in November last year to pursue private business interests. Mr Morgan had been CEO for seven years, since AgriQuality’s inception in 1999.

Tony Egan is currently Chief Executive of Affco Holdings with 14 years experience in the meat industry and a broad overview of the primary sector. Tony has also held a number of directorships and is a member of the Meat Industry Council.

AgriQuality’s Chairman Rakihia Tau, said the Board was delighted its global recruitment efforts have lead to the recruitment of such an experienced and highly-regarded chief executive to lead the next phase of the Company’s development.

“Under John Morgan’s leadership AgriQuality has become a world leader in food safety and biosecurity services, with growth in annual revenues from $38m to over $80m during his term and significant investment in infrastructure throughout the supply chain.”

“Tony has a strong blend of industry knowledge and management expertise that will see AgriQuality continue to extend the breadth and quality of its services in both Australasia and internationally.”

ENDS


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