Ann: BOARD OF DIRECTORS TO BE BOLSTERED, page-2

OBJ Limited (ASX: OBJ) is pleased to announce that in consideration of the increasing globalisation and complexity of its business, the Company is actively working to strengthen the current Board structure. OBJ expects to add to its current three person Board with an Executive Director as well as a Non-Executive Director.

The aim is to improve the structure of OBJ’s Board as well as bringing additional skills, expertise and corporate relationships to the Company as it pursues the development and commercialisation of its numerous technologies. Further, the Company is now operating in several international locations and requires depth of experience in the management of such operations as it moves through a rapid buildup in activities.

The existing Board of OBJ, led by Managing Director Jeffrey Edwards, has grown OBJ from a $10m nano-cap technology company into a $100m+ development and technology company. As a consequence, the Board recognises the need to review and strengthen its capabilities with a specific focus on the areas of big pharma and large FMCG businesses and the commercialisation and launch of global products.

Chairman Glyn Denison stated: “We are undertaking an international search to ensure the Board has the right calibre of candidates available for selection and that prospective Board members bring the desired complementary skills to OBJ. We have already received interest from some exceptional candidates. The current Board looks forward to updating shareholders and the market on these new appointments in due course.”