PRESS

Management changes at zamano

Dublin, 1 January 2005

Statement from zamano Chairman Rod Matthews M.B.E.

The significant business progress of 2004 has also been matched with further clarity as to business model and future challenges. There can be little doubt but that a rapid expansion strategy, including acquisitions, will deliver the strongest shareholder return in the medium-term. To achieve this zamano is dedicating competent resources to this area in 2005 so that we get the broadest possible view of potential targets and opportunities and execute optimum deals.

It is therefore announced that Rod Matthews, Executive Chairman will take an increasingly active role in zamano both in operational activities and in the pursuit and execution of additional strategic opportunities.

Seán Mac Réamoinn will become Director of Mergers and Acquisitions, reporting to the Executive Chairman, dedicated to M&A.

John O’Shea will be appointed as Managing Director, reporting directly to the Executive Chairman, and responsible for operational delivery of the (organic) zamano Business Plan.

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