Venture Life announced that Mr. Peter Bream, non-executive Director and Chair of the Audit Committee, after serving on the Board for seven years, has given the Company notice of his resignation in order to facilitate Director rotation in line with good corporate governance. The company also announced that Mr. Carl Dempsey, non-executive Director and Chair of the Remuneration Committee will also be stepping down. Mr. Dempsey has served on the Board of the Company for three years, but has decided that, due to the workload required from his other business interests, and accelerating new ventures, he is unable to continue to dedicate the required time to his position on the Board of Venture Life.

A search process has begun to replace both Mr. Bream and Mr. Dempsey, and they will both continue to serve on the Board of the Company until their replacements are appointed.