Re Directorate

Cater Barnard PLC
23 July 2001


                              Cater Barnard plc


                                Re Directorate


The Board of Cater Barnard plc is pleased to announce the appointment, with
immediate effect, of Mr Mark Jonathan Garratt, aged 36, as an Executive
Director of the Company. Mark is joining to replace Mr Peter Holmes as an
Executive Director who regrettably resigned with effect from 23 July 2001 to
concentrate on his other business interests. The Board wish to thank Peter for
his contribution to the Company and wish him every success for the future.

Mark Garratt, a Chartered Accountant, trained with Grant Thornton. In 1989, he
joined Interior plc, being appointed Finance and IT Director in 1995. In that
year, Mark led successful management buyout negotiations which led to his
recognition as Young Accountant of the Year by Accountancy Age magazine. In
1998 he joined Glendinning Management Consultants Limited as Finance and IT
Director. During this time he was responsible for international expansion via
start-ups. In 1999 Mark joined Thurloe Corporate Finance (UK) as an Investment
Director, working with companies in technology, bio-tech and mining sectors.

Mark Garratt holds or has held the following directorships or partnerships
within the last five years.

Current:                           Past:

Garratt Consultancy Limited        Acorn Yard Management Co Ltd

Garratt Consultancy (Partnership)  Advanced Minerals International Ltd

London Mining Finance plc          C3 Holdings Plc

OreVest plc                        Chemical Research Investments Limited

Precious Metal Investments Ltd     Exterior Construction Limited

St James Securities Limited        Glendinning Management Consultants Limited

                                   Interior (Appold Street) Limited

                                   Interior JV Limited

                                   Interior Plc

                                   Interior Services Group plc

                                   Logical Investments Limited

                                   London Mining Investments Limited

                                   LONMINFIN plc

                                   Park Green Communications Limited

                                   Ran Consultants Limited

                                   St James Technology Investments plc

                                   Thurloe Corporate Finance (UK) Limited

                                   Thurloe Internet Services Limited


Mark Jonathan Garratt has no unspent convictions in relation to indictable
offences or been bankrupt or the subject of an individual voluntary
arrangement, or has had a receiver appointed to any asset or been a director
of any company which, while he was a director or within 12 months after he
ceased to be a director, had a receiver appointed or went into compulsory
liquidation, creditors' voluntary liquidation, administration or company
voluntary arrangement, or made any composition or arrangement with its
creditors generally or with any class of its creditors or been a partner of
any partnership which while he was a partner or within 12 months after he
ceased to be a partner, went into compulsory liquidation, administration or
partnership voluntary arrangement or had any asset subject to a receivership
or been publicly criticised by any statutory or regulatory authority or been
disqualified from a court from acting as a director of a company or from
acting in the management or conduct of the affairs of any company.