Directorate Change

Change in Directorate

The Board is pleased to announce the appointment of Doctor Mahrukh Doctor as an
additional non-executive director of the Company with effect from 17 November
2009. Dr Doctor will also serve as a member of the Company's Audit Committee and  
Nomination and Management Engagement Committee.

Dr Doctor is a lecturer in political economy at the University of Hull
specialising in Latin America. She also is the Brazil expert on the Oxford
Analytica International Conference Latin America panel (2002-present). Her
research expertise lies in industrial and trade policy (automotive sector in
Brazil; EU-Mercosur trade negotiations), infrastructure (ports), and
business-state relations in Latin America. Her research also involves in-depth
interviews with policy-makers, business associations and leaders, as well as
corporate managers. Other current posts include Visiting Adjunct Professor at
the John Hopkins University Bologna Center (SAIS) and Research Associate at
the Programme for Brazilian Studies, University of Oxford. Past experience
includes a couple of years as an economist at the World Bank.

Dr Doctor had no interest in the ordinary shares or convertible bonds of the
Company at the date of her appointment.

There are no further details or disclosures required under Section 9.6.13R (1 -
6) of the Financial Services Authority Listing Rules.

The Board also announces that Mr Mailson da Nobrega will be retiring as a
director of the Company at the Company's Annual General Meeting in 2010 which is
currently scheduled for 11 May. Mr da Nobrega has been a director of the
Company since its launch in 1990 and the Board would like to thank him for his
invaluable contribution to the Company.

Barbara Powley

Company Secretary

Date: 17 November 2009