July 16, 2012

The Company has notified The Exchange of the appointment of Mr. Abiodun Ogunkoya, the former Deputy Managing Director as the new Managing Director while Mr. Kevin Wernberg comes on Board as Deputy Managing Director.

Mr. Abiodun Ogunkoya has been with Bagco for over 30 years and most recently as the Deputy Managing Director of the Company for the past 3 years. He brings deep general management experience to this role.

Mr. Kevin Wernberg the newly appointed Deputy Managing Director will have operational and technical oversight of the business.

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