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MEDIA RELEASE 08 October 2010

Papyrus Australia appoints Colin Dunsford as director
Papyrus Australia, the developer of a world-first technology that converts the waste trunk of the banana palm into alternatives to forest wood products, has appointed Colin Dunsford as director of the company.

During his more than 40-year professional career, Dunsford has had extensive experience with a wide range of corporate, government and incorporated clients in Australia and the United States of America. He retired from his most recent position as a partner and Division Head of the Adelaide Assurance and Business Advisory Division of Ernst and Young in July 2010.

Dunsford remains as chairman of Ernst and Young South Australia, as well as being chair of the Bedford Group, Independent Gaming Corporation and Leaders Institute of South Australia.

"I'm thrilled to be joining Papyrus at such an important time. The Papyrus technology has outstanding opportunities worldwide and I'm looking forward to helping the company in its international commercialisation strategy," Dunsford said.

Papyrus Australia chairman, Ted Byrt, said Dunsford brings a wealth of experience to the Papyrus board at an important stage in the company's growth.

"This is an outstanding appointment for Papyrus Australia. Colin is a very highly respected business leader in Adelaide with a wealth of national and international corporate experience. As we embark on our commercialisation strategy of licensing the Papyrus technology worldwide, Colin's input will be extremely valuable to us," Byrt said.

Papyrus Australia Limited, which began trading on the ASX in 2005, was founded in 1995 in response to an increasingly stringent environmental and regulatory situation facing the paper industry.

The company's commercialisation strategy is to license its technology to suitable entities worldwide that will establish banana veneer and banana fibre production factories in locations where banana is grown.

To prove its technology and validate the commercial values of banana veneer and fibre products, Papyrus established a showcase processing plant in Walkamin, Far North Queensland. The factory produces veneer and chips to be converted into particleboard and other alternatives to wood based panels.

More information on Papyrus is available at www.papyrusaustralia.com.au.

Released for Papyrus Australia by Dennis Rutzou Public Relations (www.drpr.com.au)
For further information please call Kim Larochelle on (02) 9413 4244.

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