directors seeking re-election and performance

Directors seeking re election to the VEI Board on 23 October 2013 are:

1. Shane Tanner - director since 2001 [12 years]
2. Joe Reich - director since 2010, docor partner since the company's inception.

The 2007 - 2013 annual reports set out the performance of the company, as follows:

EBIT pre goodwill impairments:-

2007: $29.5m
2008: $33.0m
2009: $27.3m
2010: $20.1m
2011: $17.5m
2012: $21.7m
2013: $19.6m

There has been $120,000,000 of goodwill written off since 2010.

Basic earnings per share have reduced from "profit" of 23.06 cents in 2008 to a "loss" of 11.4 cents in 2013.

Dividends declared in 2008 were 13 cents a share. Dividends declared in 2013 were nil.

The company listed in December 2004 at an issue price of $2.30 per share. The price on 9 October 2013 is approximately 68.5 cents per share.

The Corporate Governance Statement included in the 2008 annual report lists principle number 2 as "Structure the board to add value".

There have been 5 CEO's of the company since 2007.

The number of doctor partners have reduced from a peak of approximately 42 around 2008, to approximately 33 in 2013.