Chief Executive Officer (CEO) Limited (Urbanise) (ASX:UBN) today announced that highly respected property industry leader, Henry Arundel, has been appointed the Company’s new Chief Executive Officer. Upon commencement which is expected mid-August, Henry will also join the Board of Directors.

Reflective of our growing customer base and opportunities pipeline in Australasia, Henry will remain based in Sydney and will oversee Urbanises’ global operations and strategic growth plans.

Urbanise Chairman, Tony Scotton, said “With significant technology, industry experience and connections, Henry is ideally suited to lead Urbanise as we move from a start-up culture to a focus on major strategic developments along with delivering strong operational results. Henry will bring fresh insight and a proven track record of achievement for shareholders from a career that spans both international and domestic property markets”.

Prior to his current role as Executive Manager of Facilities Management for Ventia Pty Limited, Henry was the Asia Pacific CEO for UGL Services/DTZ, an organisation he led for 4 years prior to its acquisition by Cushman & Wakefield.

Henry joined DTZ as Chief Executive Australia and New Zealand in October 2011. Henry was appointed Chief Executive Asia Pacific in July 2012 and was responsible for the overall management of all aspects of DTZ’s combined property business across this region. At DTZ, Henry managed the business across 11 countries, 5,500 employees and has an excellent foundation in prop-tech having successfully led a zero fault $35M ERP upgrade, developed a class leading BI Analytics platform, sensor based workplace efficiency tools and a VR platform.

Prior to joining DTZ, Henry served as the Regional Executive and General Manager for Johnson Controls (JCI) where he oversaw their Australia and New Zealand operations, as well as leading their transaction advisory business in Asia Pacific. His professional experience spans the corporate real estate world as well as the engineering and design consultancy world. He has particular strength in company formation and growth, recruitment, management and business development.

Henry previously held senior positions with CB Richard Ellis as their head of Project Management for Asia Pacific, Trammell Crow Company as the overall head of Asia Pacific and CMI as a Director based in Hong Kong.

Henry graduated with honours from the University of Brighton, England with a Bachelor of Science degree in Engineering and Management.

Urbanise Chairman, Tony Scotton, welcomed Henry and said “Henry has over 30 years of experience in leading and growing organisations in the property management and related facilities services sectors and has extensive knowledge of the property technology landscape. He has a successful track record in building scalable sales organisations and establishing valuable long term partnerships driving shareholder value. The Board of Directors is looking forward to having Henry lead the organisation”.

A summary of the material terms of Henry’s contract are attached.

Chief Financial Officer (CFO)

Urbanise is also pleased to announce that Vivienne Selzer has been appointed as Chief Financial Officer with immediate effect.

Emer Reynolds, who has been acting in the CFO role will continue with the Company as Financial Controller in the near term to ensure a smooth transition, prior to re-locating back to Ireland. The Board would like to thank Emer for her hard work, effective financial leadership and dedication during her tenure as Urbanise’s CFO.

Regarding the appointment of Vivienne Selzer Urbanises Chairman, Tony Scotton said.

“Vivienne is an entrepreneurial, hands-on, innovative and results driven, commercially astute finance executive with more than 15 years’ experience in senior finance rolls in large and complex matrix businesses. He has a proven ability to deliver positive strategies and outcomes in business growth, profitability and operational performance.

Vivienne is strategic, resourceful and a commercially astute leader with broad based experience in finance, accounting, management, governance, risk, safety, systems, M&A, planning, business integration, shared services, procurement, facilities management, leasing, contracting, process change and process improvement and is an experienced CFO and commercial manager”.

About Urbanise

Urbanise is the creator of a cloud-based platform for delivering building services and managing property related financial transactions. Designed for strata managers, service providers, and asset owners, the Urbanise Industry Cloud software-as-a-service platform is transforming the traditional engineering approach to building operations – improving customer service, removing operational costs and enabling new revenue streams. Urbanise technology is used in some of the tallest towers and most prestigious communities around the globe.

For more information, contact:

General / Media Enquiries Tony Scotton +61 419 527 592

Key Terms of the Executive Service Agreement