Directorate Change

Toad PLC
03 June 2003


Immediate Release


                                    Toad plc
                            ('Toad' or the 'Group')

The Company is pleased to announce that Nick Grimond the Chief Operating Officer
will, with immediate effect, become the group's Managing Director.



For Further Information:

Peter Ward                                           020 8710 4000
Chairman of Toad plc
Wilson Jennings                                      020 8710 4000
Finance Director of Toad plc
Adam Reynolds/Andrew Tan                             020 7245 1100
Hansard Communications




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