TPG.L Regulatory News (TPG)

CORAC GROUP plc

("Corac" or the "Company")

Board Appointment

Corac (AIM: CRA) is pleased to announce the appointment of Rohan Richard Courtney OBE to the Board as non-executive director with immediate effect. Rohan, aged 62, has a highly active career in business. He was in banking for 27 years, holding a senior executive position at the State Bank of New South Wales and subsequently as Group Chief Executive of the merchant bank Robert Fraser & Co. Also during his career he was a company doctor who has successfully turned around businesses in the retail, manufacturing, hotel and financial services sectors.

Rohan was a non-executive director of Tullow Oil plc from 1993 to 2007 and Senior Independent Director from 2000. As a non-executive director, he has gained extensive experience in corporate governance at every level serving on the boards of companies in numerous sectors.

Rohan co-founded the UCG Partnership in 2005 and is Chairman of Trustees of UCG Association, the worldwide professional association for underground coal gasification (UCG). He is non-executive Chairman of Clean Coal Limited, which undertakes and operates UCG projects worldwide.

Rohan was appointed an OBE for services to Anglo-Australian relations in 2008.

Phil Cartmell, Chief Executive, commented:

"We are absolutely delighted to have Rohan joining the Board. His wealth of experience as a senior businessman in particular within the energy sector, will be invaluable at this stage of the Company's development and building future shareholder value."

The following disclosures are being made under Schedule 2(g) of the AIM Rules following Rohan's appointment to the Board of Corac.

Mr Rohan Richard Courtney is or has been a Director of the following companies and organisations during the past five years:

Current directorships:

Clean Coal Energy Limited

UCG Partnership Limited

East Coast Energy Limited

UFO Medicare Limited

The World UFO Company plc

Clean Coal Limited

Clean Coal Limited (Mauritius)

Previous directorships:

Boisdale plc

Boisdale of Bishopsgate Limited

The Britain-Australia Society

Project Leaders International Limited

Tullow Oil plc

UCG Engineering Limited

Stockval Holdings Plc

Artemis Energy plc

Archemus Capital Limited

Green Carbonation plc (dissolved)

Mr Courtney was appointed as a director of H.M.G.Group plc and its subsidiary Branded Childrenswear Holdings Limited on 22 October 1992 and resigned on 9 December 1992. These companies were placed in administrative receivership on 26 January 1993 and 26 November 1992 respectively. H.M.G.Group plc was dissolved on 29 October 2002. The creditors of H.M.G.Group PLC recovered the sums owing to them in full.

In February 1997 Mr Courtney became Chairman of Chartfield Fund Management plc to assist on the sale of its assets. Having completed this assignment, Mr Courtney resigned as a director on 20 April 1998. Chartfield Fund Management plc was placed into liquidation on 30 March 1999 and was dissolved on 6 September 2002. The total estimated deficiency was £1.9 million.

Mr Courtney was appointed a director of H.M.G.Group plc and Chartfield Fund Management plc at the request of the institutional shareholders and in his capacity as a company doctor.

There is no further disclosure required with regard to Schedule 2(g) of the AIM Rules.

For further information: