Directorate Change

Workspace Group PLC 27 March 2007 WORKSPACE APPOINTS NEW FINANCE DIRECTOR Workspace Group PLC ('Workspace'), the leading provider of flexible business accommodation to small and medium sized enterprises in London, today announces the appointment of Graham Clemett as Group Finance Director. Graham, aged 46, joins Workspace from The Royal Bank of Scotland plc where he was Finance Director, UK Corporate Banking. Graham will replace Mark Taylor who has advised the Company that after 12 years as Group Finance Director that he wishes to retire. Tony Hales, Chairman of Workspace commented, ' We are delighted that Graham will be joining us as Finance Director. He brings considerable experience as a Financial Director in the financial services sector, both through his time with RBS and at Reuters before this. I am confident that he will bring a new perspective to the Group and the role of Finance Director. ' Graham's appointment follows Mark Taylor's decision that he wishes to retire. Mark has been Finance Director for the Group for 12 years, during which time Workspace has grown from a market capitalisation of less than £50m to over £850m. He has played an active role in all aspects of the Group's development, including the recent conversion to Real Estate Investment Trust ('REIT') status. The Board has accepted Mark's decision reluctantly and is discussing with him the transitional arrangements which will include a period of overlap. A further announcement will be made advising of the exact date of Mark's retirement from the Board which is likely to be following the publication of the Annual Report and the Annual General Meeting. ' I am sure that my colleagues and the entire Workspace team will join me in thanking Mark wholeheartedly for his extremely valuable contribution to the development of the Workspace business. We wish him well for the future.' The Company can advise that there are no further details relating to the appointment of Mr Graham Clemett which it is obliged to disclose under paragraph 6.F.2 (b-g) of the Listing Rules of the UK Listing Authority. -ends- Date: 27 March 2007 For further information please contact: Workspace Group PLC cityPROFILE Harry Platt, Chief Executive Simon Courtenay 020-7247-7614 020-7448-3244 e-mail: info@workspacegroup.co.uk web: www.workspacegroup.co.uk This information is provided by RNS The company news service from the London Stock Exchange
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