Les Owen to Chair SolveXia

Sydney - 16 August 2010

Les Owen, the former Group Chief Executive of AXA Asia Pacific Group and former Chief Executive of AXA Sun Life plc in the UK, has been appointed as Chairman of SolveXia Holdings Pty Ltd. SolveXia is a provider of online process automation systems. Les is also currently a non-executive director of Computershare, Football Federation Australia, Discovery Holdings in South Africa and Royal Mail Group, CPP and Jelf Group in the UK. Les is a qualified actuary with nearly 40 years experience in the financial services industry. He is based in Bristol in the UK, although he splits his time between the UK and Australia.

Mark Schneider and Jonathan Glass, the founders and joint Managing Directors of SolveXia said “We are delighted to have Les as the Chairman of SolveXia. He brings enormous experience in the financial services industry especially with regard to risk management issues being addressed by directors and executives looking to provide accurate, auditable and timely information to their Boards.” In addition to his role as Chairman of the Board of SolveXia, Les represents the interests of a group of investors in SolveXia that includes other leading directors and former senior executives in the financial services and medical industries in the UK, Australia, South Africa and Israel.

Les said “I am looking forward to working with Mark and Jonathan who, along with James Simpson, SolveXia’s Chief Technology Officer, are highly professional individuals with excellent track records in the insurance, banking and IT industries. The company has produced an innovative product that is right for the times, offers significant efficiency gains, saves money and substantially reduces operational risk.”

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