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CDI: Board Director Resignation & New Appointment

Director Appointment27 February 2017CDIReal Estate

Level 13, 280 Centre, 280 Queen Street,
P. O. Box 3248, Auckland 1140, New Zealand

Ph (09) 353 5005 Fax (09) 309 3244 Email: admin@cdli.co.nz


STOCK EXCHANGE ANNOUNCEMENT 27 February 2017


APPOINTMENT OF KIAN SENG TAN TO THE BOARD

RETIREMENT OF ALOYSIUS TSE SANG LEE



CDL Investments New Zealand Limited (NZX:MCK) advises that Mr Aloysius Lee is retiring

as a non-executive director of the Company with effect from 28 February 2017.


He is replaced by Mr Kian Seng Tan, current Group Chief of Staff and Interim President of

M&C Hotels plc Asia, who will take up the directorship from 28 February 2017. Mr Tan will

from 1 March 2017 succeed Mr Lee as Interim Group CEO of Millennium Hotels and

Resorts.


On behalf of the Board, MCK Chairman Mr HR Wong thanked Mr Lee for his service and

contribution to the Company.


In welcoming Mr Tan to the Board, Mr Wong noted “Mr Tan’s strong management

background includes over 30 years of senior executive level experience managing SGX-

listed businesses and US multinational corporations. His diverse experience incorporates

operations, financial management, legal and investor relations, purchasing, business

development, human resources, and information technology functions. I am delighted Kian

Seng is joining us and we look forward to his valuable contribution across our business”.




ENDS


Enquiries:

CDL Investments New Zealand Limited (09) 353 5005




Troy Dandy

Group Company Secretary

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