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Abano Appoints New Director

Healthcare investor and operator, Abano Healthcare Group Limited, is pleased to announce the appointment of Ms Philippa (Pip) Dunphy to the Board, effective immediately.

Pip’s work experience and knowledge is in capital markets, finance and investment management. She also has governance experience in the health sector, with previous directorships including ACC and Crown Health Financing.

Pip is currently chair of NZ Clearing and Depository Corp and Mint Asset Management, deputy chair of Auckland Transport, a director of NZ Post and NZ Superannuation Fund and a trustee of Motu.

Chairman of Abano, Mr Trevor Janes, commented: “We are pleased to welcome Pip to the Board. She is an experienced director, and her knowledge of the health sector and investment management will be of value to Abano as we continue to grow and strategically invest into new healthcare sectors and businesses.”

Pip has been appointed to replace independent director, Alison Paterson, who will retire from the Board at the annual meeting on 30 October 2012, as previously advised.

Ms Dunphy has been appointed to the Abano Board by the current Abano directors, as permitted by Abano’s constitution, and will hold office until Abano’s 2012 annual meeting at which time she will offer herself for election by shareholders. The Board has determined that Ms Dunphy is an independent director (for the purposes of NZSX Listing Rule 3.3.2).

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