The board of Advanced Nano Technologies announced the change in the roles of the three directors Geoff Acton -­ Managing Director, Rade Dudurovic -­ Non-executive Chairman of the Audit Committee and Lev Mizikovsky ­- Non-executive Chairman. Mr. Dudurovic has done an outstanding job as Chairman since 2012 and has been the driving force behind the changes to Advanced Nano Technologies' business. Mr. Acton has been managing the executive team on all aspects of the business over the past six months.

The role changes will see no negative impact to the combined cost of Directors fees and management salaries over the next 12 months. The changes have been required to allow Mr. Acton to properly represent the company while approaching potential distributors and manufacturers, and to reflect his current position.