Changes to Board and Board Committees

15 October 2010

The Board of Directors of AusGroup Limited (the "Company") wishes to announce the following:

1. Mr Tan Hup Foi has retired as a director of the Company at the annual general meeting held on 15 October 2010. Following Mr Tan's retirement as a director, he ceased to be:-

- a member of the audit committee;
- a member of the nominating committee; and
- a member of the remuneration and human capital committee.

The board would like to put on record its deepest appreciation to Mr Tan for his dedication, invaluable contributions and service to the Group and wish Mr Tan every success in his future endeavours.

2. Changes to the board committees taking effect from 15 october 2010 as follows:-

- Mr Kok Pak Chow, an existing director, has been appointed a member of the nominating committee; and

- Mr Kelvin Lee Kiam Hwee, and existing director, has been appointed a amember of the remuneration and human capital committee.

For the above changes, the composition of the board and board committees is as follows:-

Board of Directors

Dr Chew Kia Ngee (Independent non-executive director and chairman)
Mr John Fitzgerald Boyd Sheridan (Managing director/CEO)
Mr Stuart Maxwell Kenny (Non-executive director)
Mr Barry Alfred Carson (Non-executive director)  
Mr Kok Pak Chow (Independent non-executive director)
Mr Kelvin Lee Kiam Hwee (Independent non-executive director) 
 
Audit Committee

Mr Kok Pak Chow (Chairman) 
Mr Stuart Maxwell Kenny (Member)
Mr Kelvin Lee Kiam Hwee (Member)

Nominating Committee

Dr Chew Kia Ngee (Chairman)
Mr Barry Alfred Carson (Member)
Mr Kok Pak Chow (Member)

Remuneration And Human Capital Committee

Mr Barry Alfred Carson (Chairman)  
Mr Kok Pak Chow (Member)
Mr Kelvin Lee Kiam Hwee (Member)