Appointment of Senior Former U.S. Navy Commander to CTM Board of Directors

Corporate Travel Management (CTM), ASX: CTD, a leading independent travel firm, is today announcing the appointment of retired U.S. Navy Admiral Robert J. Natter, as an independent Non-Executive Director. This prestigious board appointment is on the back of CTM’s continued growth and aggressive strategy to expand into global markets.

The multi-award-winning company was founded in Australia 19 years ago and has successfully demonstrated strong year-on-year growth since its inception. In the year ending 30 June 2013, total transaction value (TTV) increased by 29.7% from the previous year to hit AU$884 million.

In July 2012, CTM acquired U.S.-based R&A Travel Inc. and then TravelCorp in May 2013. TTV sales are expected to exceed AU$300 million this fiscal year across five offices in Colorado, Louisiana and Texas. Continuing this global expansion, in November 2013 CTM acquired a 75.1 percent stake in leading Asian travel company Westminster Travel, with offices in Hong Kong, Singapore, China, Macau and Taiwan.

Admiral Natter will be based in North America and has been actively engaged with CTM as a consultant since September 2013. He brings a wealth of knowledge and experience both in the corporate and government sectors. Currently the Non-Executive Chairman of G4S Government Solutions Inc. and a Non-Executive Director of BAE Systems Inc., Admiral Natter is also the Non-Executive Chairman of the U.S. Naval Academy Alumni Association and a Non-Executive Director of the National U.S. Navy SEAL Museum.

Retiring from active military service a decade ago, Admiral Natter has since served on a number of U.S. boards and advisory panels in both the corporate and government fields. In his Navy career, Admiral Natter served as the Commander in Chief of the U.S. Atlantic Fleet and as the First Commander of U.S. Fleet Forces Command, overseeing all Continental U.S. Navy bases, facilities and training operations. In January 2014, Admiral Natter joined the Washington, DC, based Potomac Institute for Policy Studies’ Board of Regents.

Tony Bellas, Chairman of CTM commented: “With our continued expansion into North America, we felt it imperative to have US-based Board representation at a senior level; and you don’t get more senior than a retired U.S. Navy four star Admiral, who also brings impressive commercial credentials. Admiral Natter’s high ethical standards as well as his passion and expertise are closely aligned with CTM’s values, business operations and growth aspirations and we are delighted he is joining us.”

About CTM

CTM is an award-winning provider of innovative and cost effective travel management solutions to the corporate market. Its proven business strategy combines excellence in client services, advanced technologies and global buying power to deliver client-driven solutions and savings for business travel needs.

The Company employs 1,300 FTE staff and has established a national footprint in Australia and international offices in Asia, New Zealand and the USA.

CTM (Australia) is a member of the GlobalStar worldwide network of 70 travel management companies, which allows it to provide a seamless international service for its clients and provides access to leading edge technology. This partnership with GlobalStar also provides a valuable networking tool, enabling the Company to contribute to significant industry developments around the world.

CTM has been acknowledged by the Australian Federation of Travel Agents (AFTA) winning three awards in 2013, including the ‘Best Corporate Agency in Australia' eight times in the past ten years and was inducted into AFTA's Hall of Fame in 2010 for continued excellence.

Background on Admiral J Natter

Admiral Robert Joseph Natter is a retired United States Navy Admiral who served as Commander, US Atlantic Fleet/Fleet Forces Command from 2000 to 2003.

Admiral Natter enlisted in the United States Naval Reserve at the age of 17 as a Seaman Recruit. After one year of enlisted service he was appointed to the United States Naval Academy and graduated in 1967, receiving a commission as an Ensign.

Natter's service at sea included department head tours in a Costal Minesweeper and Frigate, and Executive Officer tours in two Amphibious Tank Landing Ships and a Spruance Destroyer USS Hewitt (DD-966). He was Officer-in-Charge of a Naval Special Warfare detachment in Vietnam and commanded USS Chandler (DDG-996), USS Anietam (CG-54) and the United States Seventh Fleet.

Shore assignments included Company Officer and later Flag Secretary to the Superintendent at the United States Naval Academy; Executive Assistant to the Director of Naval Warfare in the Office of the Chief of Naval Operations (OPNAV); staff member for the House Armed Services Committee of the 100th Congress of the United States; Executive Assistant to the Commander in Chief, U.S. Pacific Fleet, Executive Assistant to the Vice Chairman, Joint Chiefs of Staff, during Operation Desert Storm; Assistant Chief of Naval Personnel for officer and enlisted personnel assignments; Chief on the Navy's Legislative Affairs organization; Director for Space, Information Warfare, Command and Control (OPNAV N6), and the Deputy Chief of Naval Operations for Plans, Policy and Operations (OPNAV N3/N5).

Natter was a distinguished graduate of the U.S. Naval War College and has Masters Degrees in both Business Management and International Relations. In May 2000, he was awarded the Naval War College Distinguished Graduate Leadership Award.

His awards and decorations include the Silver Star, Navy Distinguished Service Medal (three awards), Defense Superior Service Medal, Legion of Merit (five awards), Bronze Star with Combat V, Purple Heart, Meritorious Service Medal, (two awards), Navy Commendation Medal with Combat V, Navy Achievement Medal with Combat V, and various unit and campaign awards.

He retired from the Navy in 2003.

dovetail solutionsAndy Boian, 303-868-0085aboian@dovetailsolutions.com

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