Directorate Change

Character Group PLC 14 May 2004 Issued by Citigate Dewe Rogerson Ltd, Birmingham Date: Friday, 14 May 2004 IMMEDIATE RELEASE The Character Group PLC ('the Group' or 'the Company') Main Board Appointment As announced at the Group's interim results on 29 April 2004, David Harris joined the Board as an additional independent Non-Executive Director with effect from 1 May 2004. David, aged 54, is Chief Executive of InvaTrust Consultancy Limited which specialises in providing advice on investment and marketing issues to the fund management industry. In addition, he is a non-executive director of Small Companies Dividend Trust PLC, Zero Dividend Recovery Fund Limited and Osprey Small Companies Income Fund Limited, all of which are quoted companies. In addition, Mr Harris was a non-executive director of Legg Mason Strategic Assets Trust PLC until his resignation in February 2003*. David Harris has considerable financial experience gained over a 30-year career, in both executive and non-executive capacities, and the Directors believe that he will considerably enhance the overall skill base of the Group's Main Board. He will become a member of the Audit, Remuneration and Nominations committees. The Company confirms that there are no other details relating to the appointment of David Harris that are required to be disclosed under paragraph 16.4 of the Listing Rules of the UK Listing Authority ('the Listing Rules'). Further, Mr Harris has informed the Company that there is no further information to be disclosed pursuant to paragraphs 6.F.2(b) to (g) of the Listing Rules. *In February 2003, Legg Mason Investors Strategic Assets Trust plc, an investment trust company of which David Harris was a non-executive director, was placed in creditors' voluntary liquidation. It is understood that all preferential creditors have been paid in full and that the amount outstanding to non-preferential creditors is £15,549,557. It is also estimated that non-preferential creditors can expect to receive an estimated 64 pence for every pound owed. Enquiries: Kiran Shah, Group Finance Director Katie Dale, Account Manager The Character Group plc Citigate Dewe Rogerson Telephone: 020 8949 5898 Today: 0121 455 8370 Mobile: 07956 278522 (KS) Mobile: 07980 274 790 (KD) www.charactergroup.plc.uk --------------------------- This information is provided by RNS The company news service from the London Stock Exchange
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