Arena Manager Moves To A New Stage

Arena Manager Moves To A New Stage

QPAM Limited, the operating company of Vector Arena, wishes to advise that Chief Executive Guy Ngata has resigned and will be departing the Arena in February, 2010.

Mr Ngata has secured a prestigious appointment as General Manager of the new Mercedes-Benz Arena in Shanghai, China. The Board wishes him well in this exciting career development.

National and international searches for a replacement have commenced. Until such time as a replacement is secured, the Chairman of QPAM Ltd, Bruce Mactaggart, will act in an executive capacity and is ably supported by the highly capable senior management team at Vector Arena.

Mr Mactaggart was previously Chief Executive of QPAM from its commencement in 2004 until Vector Arena opened in 2007.

ENDS

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