SpeedCast Annouce Key Board Appointments

Hong Kong, May 13, 2014--SpeedCast announced the appointment of Michael Malone as a non-executive Board Director and the appointment of John Mackay as Chairman of the Board.  John Mackay is current SpeedCast Board Member and former Chairman and Chief Executive Officer of TransACT Communications Pty Ltd.

.Mackay takes over the Chairman role from Edward Sippel, Managing Director for TA Associates, who will continue to serve on the Board.

Michael Malone is the former Chief Executive Officer of iiNet Ltd., the second largest provider of ADSL in Australia, where he served as CEO and Executive Director for over 20 years. Mr. Malone was a founder of iiNet and was responsible for its development since 1993, including over 40 acquisitions over two decades. Mr. Malone led the IPO of iiNet in 1999 through to that Company’s position today as a leader in its industry with a market capitalization of over $1Bn. He was the 2011 Ernst and Young Entrepreneur of the Year for Australia and is widely recognized for his achievements in the industry. Mr. Malone is based in Perth, Australia.

John Mackay AM, has been Chairman and Chief Executive Officer of two major utilities based in Canberra for 15 years, and was Chief Executive Officer and Chairman of TransACT Communications Pty Ltd, a leading broadband communications company in Australia. He serves on the Board of Directors of various organizations including: the Canberra Investment Corp. Ltd., the Little Company of Mary Health Care, and the Canberra Raiders. Mr. Mackay recently retired as the Chancellor of the University of Canberra. He has been awarded the Order of Australia and was chosen as Canberra Citizen of the Year. Mr. Mackay has been on SpeedCast's board since December 2012 and is based in Canberra, Australia.

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