Ann: Appointment of New CEO & Managing Director, page-4

Mr Kenneth (Ken) HurleyMr Hurley, whose bio is attached, is a 40+ year veteran of the semiconductor industry with key executive roles at Hitachi America Semiconductor and Nanya Technology Corporation Inc, a major Taiwanese maker of dynamic random-access memory (DRAM) chips. He was CEO of Genesis Semiconductor, a Semiconductor Design company and President of Memoright USA a manufacturer of Solid State Drives and Controllers. During his time at Nanya Technology Mr Hurley negotiated strategic supply relationships with Dell, Hewlett Packard, Compaq, IBM, Apple, Google, and other multi-national companies and established product design centers in Vermont and Texas. Commenting on the appointment Chairman Drs. Wilbert van den Hoek stated “We are very fortunate to have been able to find and appoint someone with Ken’s skill set to the Company to assist us with the commercialization of 4DS’ technology. Ken brings extensive international semiconductor industry experience and a network of contacts in memory chip manufacturers and users. I am delighted that he has agreed to come out of early retirement andaccept the role as Chief Executive Officer and Managing Director and look forward to working closely together.” Commenting on his appointment Mr Hurley stated “I am excited to accept the role with 4DS and look forward to leading the Company’s efforts to deliver our technology to the industry.”Details of Mr Hurley’s remuneration can be found in Schedule 1 to this announcement.