Doriemus Regulatory News (DOR)

31 Jan 2006 08:39

For immediate release 31 January, 2006 TEP EXCHANGE GROUP PLC ("TEP" or "the Company") Directorate Change TEP announces that Paul Sands, currently a non-executive director of TEP, wasappointed managing director of the Company on 27 January 2005.Mr. Sands has replaced Abraham (Ami) Weitz, who has relinquished his executiveduties to pursue other business interests, but will remain a non-executivedirector of the Company. The board would like to thank him for his efforts asan executive director.Paul Sands is also chief executive of the holding company of Surrenda-linkLimited, which holds 44.83 per cent. of the TEP share capital and provides theoperational management of the Company, under an outsourcing agreement approvedby shareholders in January 2003 and which has been extended until December2007.For enquiries:TEP Exchange Group plc George Kynoch 07860 743425 John East & Partners Limited John East/Bidhi Bhoma 020 7628 2200ENDTEP EXCHANGE GROUP PLC