Hardware & Lumber Audit Committee

Hardware & Lumber Limited (H&L) has advised that subsequent to the resignation of Mr Anthony Holness as Chief Executive Officer of H&L, Mr. Joseph Taffe has been appointed Acting CEO. As a result, Mr. Taffe who is a director and member of the audit committee, has stepped down from the audit committee and in his place Mr. Courtney Campbell has been appointed to the audit committee with effect from 5 August 2009.