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WESTERN SELEC (WSE)

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Friday 02 November, 2007

WESTERN SELEC

Statement re nomination of new Swallowfield dir...


Date: 2nd November 2007

On behalf of: Western Selection P.L.C. ("Western Selection")

Embargoed until: 0700hrs

                           Western Selection P.L.C.                            

Western Selection P.L.C. (LSE: WSE), the investment company, advised
Swallowfield plc (AIM: SWL) on 1st November 2007 of its intention to propose
the appointment of two non-executive directors at Swallowfield's Annual General
Meeting ("AGM") on 8th November 2007.

Mr. Richard Organ will retire by rotation and Mr. Tony Wardell will not be
standing for re-election at Swallowfield's AGM. Western Selection intends to
propose that Mr. Peter Gyllenhammer and Mr. David Marshall, who are wholly
supportive of the executive directors, are elected as non-executive directors
of Swallowfield to replace them. Both Messrs Gyllenhammer and Marshall have
extensive experience as independent non-executive directors of listed
companies; Western Selection believes that their appointments will considerably
strengthen the Swallowfield Board and will enable Swallowfield to accelerate
the achievement of its goals of which they are wholly supportive.

Western Selection's key objective in proposing the new non-executive directors
is to increase the knowledge and expertise on the Board of Swallowfield.
Swallowfield Board's rejection of the proposal for Mr Organ to continue to
serve as a non-executive director alongside Messrs Gyllenhammer and Marshall
will necessitate Western Selection and Mr Gyllenhammer's votes being cast
against the re-election of Mr Organ. We will, however, strongly recommend that
Swallowfield's Board invites Mr Organ to rejoin the Board following the AGM.

Western Selection is proposing the election of Messrs Gyllenhammer and Marshall
at the Swallowfield AGM under the terms of Swallowfield plc's Articles of
Association rather than convening an Extraordinary General Meeting, thus
minimising any unnecessary disruption and associated costs for shareholders and
the Company.

                                   - ends -                                    

Enquiries to:

Western Selection P.L.C.                Via Redleaf Communications             
                                                                               
David Marshall/Edward Beale                                                    
                                                                               
Redleaf Communications                  020 7822 0200                          
                                                                               
Emma Kane/Sanna Lehtinen                                                       

Notes to Editors:

  * Western Selection is an investment finance company and its investment
    policy is to hold strategic stakes in a few smaller UK quoted companies and
    maintain a diversified portfolio of U.K. listed equities, together with a
    few holdings on AIM, PLUS and some unlisted shares. Strategic investments
    are minority positions where the Board seeks to maintain a close working
    relationship with the management of the investee. Western Selection is
    represented on the boards of two of its three strategic investments. The
    general portfolio is managed by two non-executive directors, Andrew Hall
    and Michael Robotham, and the Board as a whole takes decisions in relation
    to both strategic and unlisted investments.
   
  * Western Selection owns 8.8% of Swallowfield's shares.
   
  * Mr Gyllenhammer owns 29.4% of Swallowfield's shares.
   
  * Mr Marshall is Chairman of Western Selection P.L.C. and Creston plc, Deputy
    Chairman of Finsbury Food Group plc and a non-executive director of
    Marylebone Warwick Balfour plc and Northbridge Industrial Services plc
   

                                    

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