Directorate Change

Millfield Group PLC
12 July 2005

Date: 12 July 2005

On behalf of Millfield Group plc:


PRESS RELEASE:

New Finance Director for Millfield


Millfield Group plc today announces that Arthur Milton has joined the Group as
its new Finance Director. He takes over from Harry Roome who has been the
Group's Finance Director since 2000.


Mr Milton, age 53, is a Chartered Accountant and has extensive experience in the
Financial Services sector, including Finance Director roles in GE Capital and as
Finance Director and CEO of Toplis and Harding plc. Since 1996 he has performed
a number of interim manager roles including Associate Director with the Credo
Group of Corporate Strategy Consultants, non-executive director for ITC Classic
Finance (India), Interim UK Finance Director of Threadneedle Asset Management ,
Interim Finance Director of Bluecycle.com (Norwich Union), Interim European
Finance Director of BNP Paribas Securities Services and Interim Finance Director
of St Paul Travelers Insurance Group (UK London Market Operations).


Paul Tebbutt, Chief Executive of Millfield, commented: "Harry has done a great
job over the last 4 1/2 years. He has now decided to take a career break. I would
like to thank him for all his help, and welcome Arthur Milton as Interim Finance
Director, who will take the company to its next stage of development by focusing
on, improving profitability and services to our advisers / firms. Harry will be
effecting a smooth handover throughout July, August & September."


Richard Mansell-Jones, Chairman of Millfield, said: "I would add my thanks for
Harry's contribution, which has been significant. Arthur's very wide experience
and array of skills represent an outstanding opportunity for Millfield, and I
have no doubt that he will play a major role in our future development."


Harry Roome, former Finance Director of Millfield, said: "I joined Millfield  
4 1/2 years ago when annual turnover was £10 million to support the 
transformation of the business.  Since then we have floated the company on AIM, 
delivered 4 years of growth, merged with Inter-Alliance and completed the 
integration of the businesses. The result is a substantial distribution business 
which has critical mass with turnover of around £120 million and is 
exceptionally well positioned to prosper in today's market.  Millfield now moves 
to a new phase in its development and it is time for me to move on.  Millfield 
has great potential and I wish the company well for the future."


Millfield will announce its Preliminary results during August 2005.  The results
are expected to be in line with market expectations.


For more information, contact:

Paul Tebbutt at Millfield on 020 8604 2607

Harry Roome at Millfield on 020 8604 2623

Mark Llewellyn-Slade at Llewellyn-Slade PR on 01444 242792



NOTES TO EDITORS

Millfield Group plc acquired Inter-Alliance Group Plc in October 2004 to form
the new merged Group.  It is one of the largest independent financial advisory
organisations in the UK with 1600 advisers.


                      This information is provided by RNS
            The company news service from the London Stock Exchange