AUG.L Regulatory News (AUG)

31 May 2005 07:00

Augean Plc31 May 2005 31st May 2005 Augean plc ("Augean" or "the Company") Directorate Change Augean, the UK's leading hazardous waste business is pleased to announce that ithas today appointed Andrew Bryce as the Company's second non-executive Director.Andrew will join the Board effective from 1st June 2005. Andrew brings a widerange of contacts, environmental law and regulatory experience to the Augeanbusiness. Andrew, 57, has a long and distinguished career in environmental law in the UKand presently runs his own law firm Andrew Bryce & Co, specialising in personallegal consultancy advising boards on strategic, environmental management andliability issues. Prior to this Andrew was an equity partner and Head ofEnvironmental Services at City law firm Cameron Markby Hewitt (now part of CMSCameron McKenna). Andrew trained to be a lawyer at Newcastle University andCollege of Law Lancaster Gate. During his career, Andrew has focused practical experience on: waste management;contaminated land; regulatory advice on pollution control; EU environmental law;legal aspects of environmental management systems; environmental insuranceissues and environmental warranty negotiations. In addition, Andrew has held the Chairmanship and Vice Chairmanship of theUnited Kingdom Environmental Law Association and is currently Convenor of itsWaste Working Party. He has also been Vice Chairman of the Planning andEnvironmental Sub-Committee of the City of London Law Society. John Huntington, CEO of Augean plc said: "This appointment is excellent news for the future of the business. Importantly,we now have a Board of senior industry figures who will help Augean capitaliseon the current legislative changes driving the growth within the hazardous wastemarket in the UK. Andrew will make an important contribution to the Board." Save as disclosed below, there is nothing further to disclose in relation to theappointment of Mr Andrew Bryce under schedule two, paragraph (f) of the AIMRules: Current directorships/partnerships:Partner Andrew Bryce & Co There have been no further directorships or partnerships in the last five years. Ends For further information, please contact: Jonathon Brill/Billy Clegg Financial Dynamics 020 7831 3113 Notes to Editors About Augean plc Augean plc listed on AIM on 10th September 2004, as an acquisition vehicledesigned to acquire businesses within the exciting and fast growing hazardouswaste market. In November 2004, the Company raised £100m in an institutionalplacing to fund the acquisition of Atlantic Waste Holdings based nearPeterborough, which Augean bought for £80,000,000 and is now called Augean Southand Zero Waste, based near Middlesbrough, bought for £26,000,000 which is nowcalled Augean North. Augean is the UK's market leader in hazardous waste. Augean is run by John Huntington, CEO, Gary Downey, FD and David Williams,non-executive Chairman. John Huntington and David Williams were previouslyinvolved with Waste Recycling Group plc. The hazardous waste market Since the implementation into UK law of the EU Landfill Directive on 16th July2004, what was 'special waste' has been re-classified as 'hazardous waste'.Approximately 5 million tonnes of hazardous waste are produced per annum in theUK. Prior to the new legislation, over 250 landfill sites accepted hazardous waste,operated under a system of co-disposal. Since the EU Landfill Directive wasimplemented into UK law, there are less than 10 dedicated landfill sitescurrently accepting hazardous waste, representing just over 1 million tonnes ofcapacity. The resulting supply and demand dynamic has resulted in a sharpincrease in prices. This information is provided by RNS The company news service from the London Stock Exchange