SEA.L Regulatory News (SEA)

22 Jun 2005 09:00

Ramco Energy PLC22 June 2005 22 June 2005 RAMCO ENERGY PLC BOARD CHANGES Ramco is pleased to announce the appointment to the Board of Malcolm Hay as aNon-Executive Director with effect from 22 June 2005. Malcolm (aged 49) has spent over 20 years in investment banking, holding seniorpositions with Orion Royal Bank and Credit Suisse First Boston (CSFB). Between1985 and 2001 he was a director at CSFB where he led Canadian, Australian and UKcapital markets teams. Currently, he is an associate with investment managersMcInroy & Wood. Malcolm was educated at Magdalene College, Cambridge. A fulllist of his other directorships is provided below. He holds no shares in Ramco. Malcolm will become Chairman of the Company's Audit and Remuneration Committees. Dan Stover, Chief Operating Officer, has resigned from the Board effective 21June 2005. The Board has also agreed to split the roles of Chairman and Chief Executiveboth currently held by Steve Remp and has appointed Steven Bertram, currentlyGroup Financial Director as Managing Director of Ramco Energy plc. Ramco's chairman Steve Remp comments: "I am delighted to welcome Malcolm onto the Ramco Board. His successful careerin international capital markets and close knowledge of the oil and gas sectorwill be of major benefit as we work to re-build the Company. He has alreadydeveloped a close working relationship with the Ramco team as we benefited fromhis advice and guidance in concluding the recently announced Bankingagreements". "Steven joined Ramco in 1986 and has served as Finance Director since 1991, heand I have formed an effective team over the years and I value his analyticaland financial skills, coolness under pressure, attention to detail and abilityto think 'out of the box'". ENQUIRIES: Ramco Energy - AberdeenSteve Remp Executive Chairman 01224 352 200 College Hill - LondonNick Elwes 020 7457 2020 Fleishman-Hillard Saunders - DublinMichael Parker 00353 1 618 8450 Notes:List of Directorships Currently Held and Other Directorships Held in thePrevious 5 Years for Malcolm Hay. Current DirectorshipsRivers Deveron, Bogie & Isla Charitable TrustM&M Hay (partnership) Past Directorships Held Within Last 5 YearsCredit Suisse First Boston There are no other matters to be disclosed in relation to Schedule 2 paragraph fof the AIM Rules. This information is provided by RNS The company news service from the London Stock Exchange