Appointment

Volvere PLC 09 December 2003 Embargoed for 09.00 Tuesday 9 December 2003 APPOINTMENT OF DAVID BUCHLER TO THE BOARD OF VOLVERE Volvere plc, the London-based turnaround specialist and activist investor, today announces the appointment of Mr David Buchler to the Board as a non-Executive Director, with immediate effect. David, aged 51, has some 30 years experience in the field of corporate turnaround. He was a partner at Arthur Andersen prior to becoming a founding partner of Buchler Phillips, the UK's leading financial recovery and restructuring specialist which was acquired by the Kroll - O'Gara Company, the world's leading risk mitigation firm, in 1999. Until mid-2003, he was Chairman of Kroll for Europe and Africa. He is a former President of R3, the association of business recovery professionals, and is currently Non-Executive vice-Chairman of Tottenham Hotspur Football Club. Sir Stanley Kalms, Chairman of Volvere, commented: 'David brings to the Company a long history of operation in turnaround situations and an unrivalled network of contacts and experience which will further strengthen our position. 'We are delighted to welcome David to the Board and look forward to benefiting from his considerable knowledge and experience.' David Buchler is currently a director of; Ventura Maritime (Holdings) plc, Ventura Maritime Limited, Ventura UK Limited, Ventura Maritime SARL, Ventura Europe Limited, Association of Business Recovery Professionals, Kroll Forensic Accounting Limited, Kroll Limited, Kroll Associates UK Limited, Kroll Background Worldwide Limited, Tottenham Hotspur Football & Athletic Co. Ltd, Tottenham Hotspur Public Limited Company, Kroll Holdings Limited, Spiral Solutions Limited, Syracuse University (USA) London Program, Rosedean Limited, Squarevale, Kroll Corporate Finance Limited, BP Consulting Limited, BP Financial Consulting Limited, Bryanston Court One Limited, Kroll Buchler Phillips Limited, Kroll Lindquist Avey Limited and Kroll Zolfo Copper Limited. Other than the above there is no information which would require disclosure under Schedule 2 (f) of the AIM Rules. - ends - For further information please contact: Volvere plc Jonathan Lander, Chief Executive 020 7979 7596 Weber Shandwick Square Mile Terry Garrett / Christian Taylor- Wilkinson 020 7067 0700 This information is provided by RNS The company news service from the London Stock Exchange

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Volvere (VLE)
UK 100

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