| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 3, 2017 21:55 |
| Status | New |
| Announcement Sub Title | Announcement on change of directors- Sarine Technologies Ltd. |
| Announcement Reference | SG170503OTHRKKZT |
| Submitted By (Co./ Ind. Name) | Amir J. Zolty |
| Designation | Company Secretary |
| Effective Date and Time of the event | 03/05/2017 19:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Announcement of the cessation of Mr. Hanoh Stark from his position as a Non-Executive Director, effective 25 April, 2017 |
| Additional Details | |
| Name Of Person | Hanoh Stark |
| Age | 76 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 25/04/2017 |
| Detailed Reason (s) for cessation | End of term of service. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 30/08/1989 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 4 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Director |
| Role and responsibilities | Non-Executive Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Hanoh Stark is the brother in law of Mr. Ehud Harel and of Mr. Ilan Weisman. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Hanoh Stark is deemed a shareholder of the Company by virtue of his indirect ownership through Stark Hanoh Holdings Ltd of 24,590,524 shares held on his behalf by the Israel Discount Bank through Citibank N.A. Singapore custodians. |
| Past (for the last 5 years) | None |
| Present | None |