Directorate Change

Cater Barnard PLC
16 April 2002



16th April 2002


     Cater Barnard Appoints Jon Everill To Manage Its Growing IFA Business


Cater Barnard plc, the AIM-listed international Corporate Finance and Financial
Services company, has appointed Jon Everill to head up its Independent Financial
Adviser division. Jon will also be joining the main board of Cater Barnard and
working with the existing Directors to build the Company's Financial Services
business into what the Directors hope will be one of the industry leaders in the
UK.

Jonathon Robert Edwin Everill, aged 33, has had over 13 years experience in the
financial services sector and joins Cater Barnard from CAG Private Finance Ltd,
where he was Managing Director. CAG is part owned by the Countrywide Assured
Group PLC and was established to develop the mortgage and life & pensions
business for the private client and corporate market. Jon joined CAG after
merging his own business Provecta Financial Management with that of CAG Private
Finance.

Jon Everill commented: 'I am delighted to be joining Cater Barnard at a time
when the IFA business in the UK is ripe for consolidation. There are a large
number of IFAs who are looking to grow their businesses and Cater Barnard
provides the right umbrella organisation under which they can do so.'

Mark Garratt, UK Managing Director of Cater Barnard, commented: 'We took the
decision to move into the IFA sector because we identified strong new
opportunities for consolidation and repeat revenues in the sector. We have
brought Jon on board to help us accelerate this process. He will also be
advising us on how to develop the IFA business on a pan-European basis now that
Cater Barnard has achieved a listing in Frankfurt.'

There are no further details regarding Mr Everill to be disclosed pursuant to
Schedule Two (f) of the AIM Rules for Companies.

Jon Everill, Mark Garratt, UK Managing Director and Adrian Stecyk, US Managing
Director, have each been granted 17,000,000 options to subscribe for ordinary
shares at an exercise price of 1.5p, exercisable between 15 April 2004 and 15
April 2009.  The 6,000,000 existing options held by each of Stephen Dean, Mark
Garratt and Adrian Stecyk have been cancelled.


-ENDS-



For further information, please contact:

Mark Garratt                           Simon Robinson/ Justine Howarth
Cater Barnard plc                      Parkgreen Communications
Tel: [phone]                      Tel: [phone]





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