Lace Mamba Global Announces the Resignation of European Managing Director

7th February 2013, Brighton, England.

Lace Mamba Global announces the resignation of Mr Jason Codd from his position as European Managing Director with immediate effect.

Mr. Adam Lacey, Lace Mamba Global CEO made the following statement:

“Lace Mamba Global would like to publicly apologise to any developers who have been affected by any lack of response to issues arising from past contractual obligations that may not have been fully met. After several weeks of internal investigations it has become clear that the company’s procedures have not been to the high standards we set ourselves as a company. We have now put a new management structure and team in place to ensure our communication and relationship with developers is more open and transparent.

I can confirm that Mr Codd is standing down from his position as European Managing director with immediate effect. Mr Codd will have no further involvement in the running of the business.

Lace Mamba Global will act as quickly as possible to move forward and resolve developer issues.

We are in the process of contacting each of the developers that require our undivided attention and with their co-operation and patience I am confident that we will be able to resolve their issues to their complete satisfaction.

At this time we cannot comment further on this announcement or on any issues relating to specific cases out of respect for contractual confidentially.

I would like to thank Jason for his contribution to the business and wish him good luck in the future.”