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CADOUX LIMITED Board/Management Information 2009

May 11, 2009

64620_rns_2009-05-11_9f404726-f964-4881-89aa-751e64c4f2c4.pdf

Board/Management Information

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EXECUTIVE CHAIRMAN TO BECOME NON-EXECUTIVE CHAIRMAN

Summary

  • Dr William Ardrey’s fixed term contract as Executive Chairman has expired.

  • Dr Ardrey will remain Freedom Eye Ltd’s Chairman in a nonexecutive capacity

Perth, Australia. 12 May 2009 : The board of Freedom Eye Limited (ASX: FYI) advise that Dr William Ardrey’s fixed term contract as Executive Chairman of the Company has been allowed to expire. Dr Ardrey will continue in his role as Chairman of the Company, in a non-executive capacity.

Freedom Eye will continue to progress the initiatives of conserving cash and exploring new, compelling and financeable business opportunities for the Company.

- End -

Further Information:

Dr David Sparling Chief Operating Officer Tel: (08) 9355 0399 Mob: 0417 721 972 Email: [email protected]

www.freedomeye.com

Unit 9, 8 Sarich Way, BENTLEY 6102 Postal: PO Box 1102 EAST VICTORIA PARK WA 6981 Tel: +61 8 9355 0399 Fax: +61 8 9472 0475 Email: [email protected] Website: www.freedomeye.com