chris scott just joined the mfs board

MFS Limited
ABN 90 107 863 436
ASX & MEDIA ANNOUNCEMENT
NEW DIRECTORS
18 March 2008
MFS Limited (ASX: MFS) is pleased to announce that it has reached agreement with
interests associated with Mr Chris Scott over the composition of the MFS Board. As a
result, the Board has invited Mr Scott, Mr David Burke and Mr Craig Chapman to
become directors of the Company.
The MFS Board looks forward to working with the new directors in the best interests
of the Company and all shareholders.
As a consequence Mr Scott has agreed to cancel the Extraordinary General Meeting
called for 7 April 2008. This meeting will now not be held.
The decision to invite Messrs Scott, Burke and Chapman to become directors follows
negotiations between Mr Scott’s representatives and the Company.
Mr Scott’s adviser, Ms Jenny Hutson, said the agreement to move forward together
was in everybody’s best interests. Ms Hutson said she was confident the new
directors would work well with the existing directors to ensure the MFS Board was
focused on the best interests of both shareholders and the Company.
The three new directors will be subject to re-election by shareholders at the next
Annual General Meeting of MFS, expected to be held in November.
An update on the strategic review of the MFS business will be provided at the
Extraordinary General Meeting of shareholders on 28 March 2008 to vote on a
proposal to change the Company’s name to Octaviar Limited.
For further information, please contact:
John Hurst, MFS Limited
Phone: 02 8259 7257