General Announcement::LETTER OF DEMAND SERVED ON BOARDROOM PTY LIMITED, A WHOLLY-OWNED SUBSIDIARY OF BOARDROOM LIMITED

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 23-Jul-2014 20:22:27
Status: New
Announcement Sub Title: LETTER OF DEMAND SERVED ON BOARDROOM PTY LIMITED, A WHOLLY-OWNED SUBSIDIARY OF BOARDROOM LIMITED
Announcement Reference: SG140723OTHRKHWN
Submitted By (Co./ Ind. Name): Kim Yi Hwa
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): Boardroom Limited (the "Company") wishes to announce that its wholly-owned Australian subsidiary, Boardroom Pty Limited ("BRPL") has received a letter of demand dated 21 July 2014 from the solicitors acting for Elsmore Resources Ltd ("ERL") under which ERL asserts that in providing share registry services to ERL, BRPL was not entitled to act on the instructions of the then Chairman of ERL regarding various share issues undertaken by ERL for which subscription proceeds have not been received. ERL asserts that as a result of BRPL acting on the directions of the then Chairman of ERL, ERL has suffered loss of AUD 3,877,046 and is seeking to recover that amount from BRPL.

BRPL denies the assertions made by ERL, and considers that the demand is opportunistic, without proper basis, and intends to vigorously defend any claim that ERL may bring.

The Company will provide further updates of any material developments in due course.

By Order of the Board

Kim Yi Hwa
Company Secretary

Date : 23 July 2014