CAQ HOLDINGS LIMITED — Board/Management Information 2005

Sep 28, 2005

Notice to the Australian Stock Exchange

Thursday, 29 September 2005

Appointment of Alternate Director

The Directors of Cell Aquaculture Ltd (Company) advise that Mr Peter G Burns has been appointed as an Alternate Director for Mr Peter J Burns, Non-Executive Director of the Company.

Mr Peter G Burns, who is the Sales Manager of the Company, has been appointed an Alternate Director until termination of that appointment has been notified in writing and served on the Company by Mr Peter J Burns.

Ian Gregory Company Secretary.