Charter Pacific Corporation Limited

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Monteray Group Limited (ASX Code MRY) announces Board appointments.

April 2, 2007

The Board of Monteray Group Limited is pleased to announce the appointment of Mr Alastair Wilkie and Mr Roger Byrne to the Board of Directors.

Mr Alastair Wilkie has been appointed a director and the CEO of Monteray Group Limited.  Alastair is a senior business professional with experience in the creation and growth of new businesses.  He has experience in operational management of technology and service based organisations and delivering large-scale innovative business solutions.

Over the past 5 years Alastair has established a variety of companies and held Directorships of a Financial Services business, Software Development and Support organisation and a Flexible Benefits Solutions company.

Prior to this Alastair was Managing Director UK of Vision Consulting who managed the design, build and launch of an Internet bank and call centre (Intelligent Finance) for Halifax Building Society.  Alastair also spent 12 years with Digital Equipment Corporation and Logica Industry plc and latterly he was General Manager Scotland for the French IT company Bull information Systems.  He also spent 10 years in the Information Services Division of Christian Salversen operating throughout Europe.

Alastair’s skills will be a great asset to the Company at Board level and also the operational level for the commercialisation of the Company’s main enterprise, the GPen superannuation administration software platform.

Mr Roger Byrne was also appointed to the Board of Monteray Group Ltd as a non-executive director.  Roger was previously a Board member of the Company between April 2004 and August 2005. 

Roger is a former partner of Clayton Utz with extensive experience as a corporate lawyer and engaged in mergers and acquisitions, public capital raisings, private equity raisings and corporate structuring.  Roger is now an investment banker providing corporate finance advice.

Mr Steven Cole has resigned his position as a director of the Company.  The Board wishes to thank Mr Cole for the significant contribution he has made to the Company since his appointment in December 2003.  The Company will retain access to Steven’s vast experience in corporate matters through his ongoing role as company secretary.

Graham Halbish
Chairman
2nd April 2007


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