Directorate Change

ACM European Enhanced Inc.Fund PLC 27 July 2004 ACM EUROPEAN ENHANCED INCOME FUND PLC Directorate Change 27 July 2004 The Board of ACM European Enhanced Income Fund plc announces the following with immediate effect: - the resignation of Mr. Carl O'Sullivan as a non-executive director. The Board wishes to thank Mr. O'Sullivan for his valuable contribution during his time as a Director. - the appointment of Mr. Gavin Caldwell as a non-executive director. - the appointment of Mr. John Donohoe as a non-executive director. Mr. Caldwell is currently a director of Gartmore Irish Growth Fund plc, Merrill Lynch Capital Markets Bank Limited and Newsmith Investment Funds plc. He is also Chairman of the Asset Management Task Force (which is part of the committee structure, coordinated in the Irish Taoiseach's office, for the continuing development of international financial services in Ireland) and a member of the Irish Clearing House Committee. He was until September 2003 Chief Executive of KBC Asset Management Limited. He set up Ulster Bank Investment Managers Limited in 1980 and was its Chief Executive from 1980 until its sale to KBC Bank & Insurance Holding N.V. in 2000, when he became Chief Executive of KBC Asset Management Limited. From 1971 to 1974, he was an investment analyst at Wood McKenzie. He joined Bank of Ireland Asset Management in 1974, where he was initially an equity fund manager and then Head of Fixed Interest. From 1979 to 1980 he was a partner and equity fund manager at Fraser Orr. He holds a business studies degree from Trinity College, Dublin. The list below details Mr. Caldwell's directorships in publicly quoted companies held within the last five years. Current Directorships Gartmore Irish Growth Fund plc Mr. Donohoe is currently the Chief Executive Officer of Carne Global Financial Services Limited, an independent financial and professional services company which he founded in 2004. He was until January 2004 a Senior Vice President of State Street Corporation following the acquisition of Deutsche Bank's global security services business. Prior to that, from 1992 to January 2003, he held various positions within Deutsche Bank AG, latterly as the Chief Executive Officer, Europe, Asia and Offshore, Deutsche global funds services. From 1988 to 1992 he worked in the financial services division of KPMG and qualified as an accountant. He holds a BA in accounting and finance from Dublin City University. The list below details Mr. Donohoe's directorships in publicly quoted companies held within the last five years. Past Directorships Deutsche Balanced Asset Allocation Sterling Fund plc Deutsche Cash and Money Market Fund plc Deutsche Equity Asset Allocation Sterling Fund plc Deutsche Fixed Income Funds plc Deutsche Funds plc Deutsche Global Liquidity Series plc Deutsche Global Select Funds plc Deutsche Global Spectrum Funds plc Deutsche International Funds plc Deutsche Profunds plc Montanaro European Smaller Companies plc There is no information to be disclosed in respect of Mr Caldwell or Mr Donohoe for the purposes of Rule 6.F.2 (b) - (g). Enquiries: ACM, Investment Manager Geoffrey Hyde Tel. 020 7470 0100 Close Brothers Securities, Corporate Broker David Benda / Nathan Brown Tel. 020 7621 5562/5572 This information is provided by RNS The company news service from the London Stock Exchange
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