Directorate Change

Derwent Valley Holdings PLC
28 March 2006

28 March 2006


DERWENT VALLEY HOLDINGS PLC ("Derwent Valley"/"Company")

DERWENT VALLEY APPOINTS NON-EXECUTIVE DIRECTOR

As notified to shareholders in the in the Preliminary Results announcement on 21
March 2006, Derwent Valley is pleased to announce the appointment of Stuart
Corbyn who will join the board as a non-executive director on 23 May 2006,
immediately after the Company's AGM.

On joining the Board, Stuart Corbyn will serve as independent member of the
remuneration, audit and nominations committees of Derwent Valley.

Stuart Corbyn (aged 61) is currently chief executive of the Cadogan Estate, one
of the principal private estates in London, and a former President of the
British Property Federation.

There are no further details required to be disclosed under LR 9.6.13R of the
Listing Rules of the UK Listing Authority.

John Ivey, Chairman of Derwent Valley, commented:

"We are delighted that Stuart has decided to join us.  He has a wealth of
experience across the whole property spectrum and I am sure he will make a
valuable contribution."

-ENDS-

For further information, please contact:

Derwent Valley
John Burns
Tel: [phone]

Financial Dynamics
Stephanie Highett/ Dido Laurimore
Tel: [phone]


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