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BUSINESS NEWS
January 27, 2009 12:07:52 PM

Kontiki Growth Fund’s (KGF) founding director John Courtney has resigned from the Fund.

Courtney cited personal reasons for his resignation and indicated that he needed to attend to his business commitments in New Zealand.

The KGF Board today acknowledged Courtney’s outstanding contribution to the company while offering its best wishes.

In the meantime, the Board has appointed one of its own executives David Oliver as director of the Fund.

A statement from KGF via the South Pacific Stock Exchange (SPSE) said Oliver had an extensive experience in investment banking, public enterprise reform and management.

Oliver holds a BA (First Class Honours) in Economics from Victoria University of Wellington, New Zealand and is a Fellow of the Financial Services Institute of Australasia (‘Finsia’, formerly known as the Securities Institute of Australia), having completed the Graduate Diploma in Applied Finance & Investment.

In addition to his current role at Kontiki, Oliver also manages and co-owns Aquarium Fish
(Fiji) Ltd and sits on the boards of i-Pac Communications Ltd (trading as Unwired Fiji) and
Halabe Investment Ltd.

He is licensed by the CMDA as an investment adviser and broker dealer representative.

Oliver’s work experience include once being: the manager corporate advisory for Macquarie New Zealand Ltd; manager at the Department of Public Enterprises in the local government; a business analyst  for Telecom New Zealand; economic analyst for the New Zealand Treasury; and an economic analyst for Shell Oil (NZ)

He joins business tycoon Hari Punja, Michael Makasiale, Jack Lowenstein and George
Niumataiwalu on the KGF board.

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