Appointment of Chairman

Key points:

• Tellus expands its Board with the appointment of Philip Garling as Non-Executive Chairman
• Philip has 35 years’ experience in the infrastructure, construction and investment sectors

Tellus Holdings Ltd (Tellus) is pleased to announce the appointment of Phil Garling as Non-Executive Chairman of the company with immediate effect.

Phil is a highly successful and experienced business executive with more than 35 years’ experience in the infrastructure, construction, development and investment sectors, including nine years as Global Head of Infrastructure and Private Debt at AMP Capital Investors Limited.

Philip has previously served as Chief Executive Officer of Tenix Infrastructure Pty Ltd and Chief Executive at Lend Lease Capital Services.

He was previously the inaugural Chairman of DUET Group.

Phil’s other current directorships include Australian Renewable Fuels (Chair), Downer EDI Charter Hall, Networks NSW and Water Polo Australia (President).

A full biography is appended to this announcement.

Mr Garling holds a Bachelor of Building from the University of New South Wales. He has completed the Advanced Management Program at the Australian Institute of Management and holds the Advanced Diploma from the Australian Institute of Company Directors

“We are extremely fortunate to have secured someone of Philip’s calibre to lead the Tellus Group and we look forward to working together to build and realise additional value for our shareholders,” Tellus Holdings’ Managing Director Duncan van der Merwe said.

“Philip’s arrival comes at a significant time for the company, with the recent positive results from in-field drilling, mine and infrastructure planning and commercial negotiations for both the Chandler and Sandy Ridge projects.

“His strong background in infrastructure, project development and investment will be invaluable as Tellus moves into the next stage of our company’s development,“ Mr van der Merwe said.

“In announcing the appointment of Philip, I also want to acknowledge the significant contribution made by Richard Rossiter as the Company’s Interim Chairman. Richard’s experience and insight in guiding the company since its inception has provided a solid foundation from which we can grow our business with confidence”, he added.

“The search for the Chairman was professionally run by Ophir Partners and Tellus was impressed with the quality of the candidates,“ Mr van der Merwe said.

Tellus Holdings Ltd (“Tellus”) is an Australian project development company. Tellus’ flagship projects are a proposed underground rock salt mine with backfill infrastructure supporting the resource sector in the Northern Territory and a proposed kaolin mine with backfill infrastructure in Western Australia.
Tellus is the parent of a group of companies that plans to be involved in mine building, processing and the sale of industrial and edible salts, associated salt minerals and kaolin. Proposed complementary businesses include backfill infrastructure supporting the safe storage in voids created by mining as is done in countries like the UK, EU, USA and Canada.

Visit: www.tellusholdings.com.au or contact:

Philip has 35 years’ experience in Infrastructure Construction, Development, Operations and Investment Management, most recently as Global Head of Infrastructure at AMP Capital Investors. He has also been Chief Executive Officer of Tenix Infrastructure and prior to that he was a long term Senior Executive at Lend Lease Corporation culminating in his role as Chief Executive of Lend Lease Capital Services (the Development Capital, Infrastructure Development and Project Finance arm of Lend Lease).

Philip is a former member of the Federal Government Environment Industry Action Agenda, and a former Councilor of Environment Business Australia. He was the inaugural Chairman of the DUET group and a director for seven years. Previous directorships include Melbourne Airport, The Asian Giants infrastructure Fund (Chair) Wales & the West Utilities (UK).

He has a Bachelor of Building from the University of NSW and has completed the Advanced Management Program at the Australian Institute of Management and the Advanced Diploma at the Australian Institute of Company Directors. He is a Fellow of the Australian Institute of Company Directors, Australian Institute of Building and Institution of Engineers, Australia.

Philip’s other current directorships include Networks NSW ( ie Essential Energy, Endeavour Energy and Ausgrid), Downer EDI Limited, Charter Hall and he is President of Water Polo Australia.