Board Changes

Millfield Group PLC
30 May 2003

Date:               30 May 2003
On behalf of:       Millfield Group plc
Embargoed until:    0700hrs


Millfield Group plc
BOARD CHANGES


The Directors of Millfield Group plc, a leading independent financial services
advisory group, today announce changes to the Board that have been implemented
to reflect the substantial progress made across the Group since its flotation on
AIM in March 2001.

At the time of the flotation, the organisation and Board were structured to help
support the creation of a robust infrastructure of the Group.  This phase of the
Group's development has now been substantially completed and a new
organisational structure has been implemented to focus on distribution and
growing turnover and profitability across each of the Group's operations.

The following changes to the Board are therefore being made with immediate
effect:  Roger Brosch, age 40, has been appointed to the Board as Distribution
Director.  Laurence Nesbitt, IT Director, and Anthony Read, Marketing &
Compliance Director, are both stepping down from the Board, they remain as
directors of Millfield Partnership Limited (the regulated company).  In
addition, Terry Stannard, a Non-Executive Director, leaves the Board due to
other commitments.

Commenting on the changes, Richard Mansell-Jones, Chairman of Millfield Group
plc, said:

"Now two years on from the original listing, our focus is to ensure that we have
the appropriate structure in place to optimise our position as the premier
financial services advisory and distributor business in the UK.   We are
confident that the simplified reporting structure and smaller, more focused
Board provides the infrastructure to deliver tomorrow's opportunities.  On
behalf of everyone at Millfield I would like to thank all those who have helped
to steer Millfield to where it is today and to welcome Roger Brosch to the
Board."

Following the changes, the Millfield Group plc Board will comprise four
Executive and four Non-Executive Directors.

Roger Brosch is also a Director of Millfield Partnership Limited and other Group
subsidiaries and a Non-Executive Director of Meldorma Residents Association Ltd.

Enquiries to:

Millfield Group plc
Richard Mansell-Jones, Chairman                       020 8604 2774
Paul Tebbutt, CEO                                     020 8604 2607

Redleaf Communications (financial PR)
Emma Kane/Katharine Sharkey                           020 7955 1410



Notes to Editors

        
• Millfield is a leading national independent financial advisory company in the
UK, offering independent advice, primarily in the pensions, life insurance,
investment and mortgage sectors, as well as long-term care provision, personal
wealth management and the corporate financial planning arena.  Millfield also
has specialist divisions dealing with offshore investment, insurance and
employee benefits.  Further information is available on the Millfield website:
www.millfield-partnership.co.uk

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