Help Yearly recurring appointment in Outlook 2010 appears daily in Android Calendar

IT Inbox

A calendar appointment that is created as a yearly appointment to recur on the 1st weekday of March with no end date appears exactly as it should in Outlook 2010 (with Exchange 2010 SP3 as the back-end) however on an HTC OneV running Android 4.0.3, an HTC One M8s running Android 5.0.2 and an LG G3 running Android 5.0.0, the same calendar appointment appears every single weekday throughout the year. Please can someone help? Is this a known issue and if so is it being fixed?