Michael Morton has notified the Veritas Investments Limited Board of his intention to step down from the board at the conclusion of the shareholders' meeting to be convened in late June, to make way for new directors with appropriate hospitality experience to come onto the Board. Mr. Morton remains a substantial shareholder in Veritas and will focus on his other private business interests following his resignation. The board is working diligently to find a replacement director or directors for Veritas before the shareholders' meeting to strengthen the hospitality experience on the Board, and has commenced its search for potential candidates.