Seprod Provides Clarity on Recent Resignations

Seprod Limited has advised that Mr. Geoffrey Messado and Dr. Wayne McLaughlin were on the Audit Committee and their resignations which took effect on March 31, 2014 and April 7, 2014 were not in relation to any disagreement in respect of accounting principles or practices, financial statement disclosure or any other material issue impacting the Audit Committee or the members` ability to properly carry out the functions delegated by the board.