Ann: Chairman Transition, page-2

Mr Harris has over 25 years’ experience in financial markets and investment banking, including roles with Citibank, Bankers Trust and Merrill Lynch advising mining organisations on strategy, mergers and acquisitions, and capital markets. He is well known by the Australian investment community and was also Managing Director – Head of Metals and Mining at Citi for several years. Most recently Paul has been working with mining company boards as a non-executive director as well as providing advisory services on strategy and finance.

Incoming Chairman Mr Harris said “Potash is a key product for the world’s future and it is an honour to follow Richard and to take on this role with Highfield to deliver a new Western European and geopolitically secure source of this increasingly important resource.

I am delighted to welcome Paul at this key moment for the Company. I am convinced that Paul, as Board Chair, and with his significant experience with respect to debt and equity capital markets and his extensive networks in the Australian mining financing sector, will make a great contribution towards the delivery of the Company’s flagship Muga mine.”

No prizes for guessing why pH is the new man. He even has appropriate initials for measuring alkalinity.