Directorate Change

Derwent Valley Holdings PLC
29 January 2003



                          DERWENT VALLEY HOLDINGS PLC

                Former Hillier Parker Chairman joins the board


The Board of Derwent Valley Holdings plc ("Derwent Valley") is pleased to
announce the appointment of Robert Farnes FRICS as a non-executive Director,
with effect from 1 April 2003.  Mr Farnes has extensive experience of the
commercial property market, having been Chairman, until his retirement last
month, of CB Hillier Parker, a leading firm of property consultants.

John Burns, Managing Director of Derwent Valley, comments:

"I am pleased that Robert Farnes has accepted the invitation to join our Board.
He has extensive experience in the commercial property world and will make a
valuable contribution to the group".


                                                                 29 January 2003
ENQUIRES:

Derwent Valley                                      Tel:  [phone]
John Burns, Managing Director

Robert Farnes                                       Tel:  [phone]

College Hill                                        Tel:  [phone]
Gareth David                                        [e-mail]



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