ASX ANNOUNCEMENT MEDIA RELEASE 4 DECEMBER 2012 Update - Change in officers

Kagara Limited (Administrators Appointed)* (ASX: KZL) announces that Geoff Day has ceased in the role of Chief Executive Officer. Mr Day will remain a Director of KZL.
* Michael Ryan, Mark Englebert, Stefan Dopking and Quentin Olde, all of Taylor Woodings, were appointed joint and

several voluntary administrators ("Administrators") of KZL on 29 April 2012.

-Ends- About Taylor Woodings

Taylor Woodings is a national independent accounting firm specialising in the areas of restructuring, corporate recovery, advisory and transaction services, and forensic accounting. For more information please see www.taylorwoodings.com.au.

FURTHER INFORMATION: Interested Parties/Creditors Media Enquiries Taylor Woodings Ian Pope - (02) 8999 1008 or 0416 826 037 (08) 9321 8533 or (07) 3041 2900 MAGNUS Investor Relations +

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