Cleaning out the cupboard along with the shares...

Cleaning out the cupboard along with the shares holders.




Resignation of Director
Melbourne, 28 August 2007. Metabolic Pharmaceuticals Limited (“Metabolic”) today
announced that non-executive Director, Dr Arthur Emmett, has retired, effective immediately, for
personal and family reasons. Dr Emmett was appointed to the Board as an independent,
non-executive Director upon the Company’s incorporation in 1998, and served as Chairman of the
Board until April this year.
Dr Roland Scollay, CEO of Metabolic, commented “Arthur’s contribution over the last nine years
has been immense. His diverse experience in drug development and the global pharmaceutical
industry was extremely valuable to Metabolic. We appreciate Arthur’s knowledge and dedication,
and he will be missed by his fellow Board members and staff and very much by me personally”.
The Chairman of Metabolic, Mr Rob Stewart, commented that Dr Emmett had been involved with
the Company from its pioneering years, and had provided Metabolic with excellent leadership
during his term as Chairman. “Arthur played a major role in Metabolic’s formative years and
provided the Company with sound direction and oversight throughout its successes and
challenges”, said Mr Stewart.
On behalf of the Board and staff, Mr Stewart extended his gratitude and well wishes to Dr Emmett.
Mr Stewart confirmed that Metabolic will continue its search for suitably qualified Directors with
backgrounds in drug development and / or commerce.
For further information, contact:
Diana Attana
Assistant Company Secretary/IRO

[email protected]
T: +61 3 9860 5700