The shareholders of Ellies Holdings Limited announced that I Russell has been appointed as interim chairman of the company with effect from 12 December 2018. It should be noted that, as referred to in the SENS announcement dated 11 December 2018, the validity of the re-appointment of I Russell as a director following the AGM is disputed by certain of the shareholders. Furthermore, the appointment of I Russell as interim chairman of Ellies as well as his chairing of the adjourned AGM is in dispute by certain of the shareholders and a director. A disputing shareholder has requested that the dispute be dealt with by the Commercial Court on an expedited basis. The company has not conceded the urgency of the dispute and will consider its position regarding the application once it has been launched.