Corero Network Regulatory News (CNS)

19 May 2008 14:02

19 May 2008 Corero plc ("Corero" or "the Company") Directorate Changes

Corero, the specialist provider of software solutions to the banking & securities and education markets, announces changes to its board.

Richard Last, aged 50, will join the board of Corero as a non-executive director with effect from 22 May 2008. He is chairman of Lynx Group Limited, chairman of Xpertise Group plc and chairman of Patsystems plc. He is also a non-executive director of two VCT funds, British Smaller Companies VCT plc and British Smaller Technology Companies VCT 2 plc and a number of other companies. Richard brings a wealth of relevant knowledge to the Corero board due to his strong background in the software industry, experience of the financial services sector and successful board and management experience. He will sit on the Company's audit committee and become chairman of the remunerations committee. Further details of Mr Last's directorships are set out below.

Richard will replace Bernard Fairman who will resign as a non-executive director on 22 May 2008, having served as a non-executive for seven years. The directors of Corero thank Bernard for his immense contribution to the Company during this period and wish him continuing success in his many other business ventures.

Mr Last has a beneficial interest in 220,000 Corero ordinary shares, equivalent to 0.48 per cent. of the issued voting share capital of the Company and he has confirmed that there is no further information required to be disclosed under paragraph 17 of the AIM rules.

ENQUIRIES:Corero plc Peter Waller Tel: 07785 228080 John East & Partners Limited John East / Simon Clements Tel: 020 7628 2200 College Hill Matthew Smallwood Tel: 020 7457 2020

Further information required by Schedule 2 (g) of the AIM Rules for Companies.

Mr Last's current directorships are set out below:

APD Communications Limited APD Mobile Data Limited APD-S.Com Limited British Smaller Companies VCT plc British Smaller Technology Companies VCT 2 plc CSE Sevelec Group Distal Holdings Limited FS (UK) Limited Gap Aid Limited Knowledge Technology Solutions plc Lighthouse Group plc Lynx Group Limited Lynx Holdings Limited Lynx IT Communications Limited Lynx Limited Lynxserv Limited Lynx Overseas Investments Limited MMI Automotive Limited Orsted Limited Overseas 110 Limited Patsystems plc Power Education Limited Signal Limited Sphinx 110 Limited Sphinx CST (Ireland) Limited Sphinx CST Limited Sphinx CST Networks Limited Sphinx Group Limited Sphinx Professional Services Limited Switch Networks Limited Transient 110 (No. 2) Limited Waste Management Services Limited Xpertise Group plc Xpertise Training Limited

In the past five years Mr Last has also been a director of:

APD Aspire Limited British Smaller Technology Companies VCT plc BT Lynx Limited Financial Payments Systems Limited Lihnet Limited Lynx Computer Services Limited Lynx Financial Systems Limited Lynx Financial Systems (Cayman) Limited Lynx Financial Systems Pty Limited Lynx Software Systems Inc Lynx Technology Limited Lynx Technology Holdings Limited Lynx Wealth Management Systems Lynx Wealth Management Systems Limited Lynx Wealth Management Systems Limited (IOM) Microgen Wealth Management Systems Limited Microgen Wealth Management Systems (Guernsey) Limited NMM Limited Quantix Holdings Limited Quantix Limited Tamesis Limited Tietoenator Attentir Systems Limited Tietoenator (UK No.1) Limited

Transient 110 Limited