Directorate Change

6 Mar 2007 17:08

Rurelec PLC06 March 2007 Rurelec PLC ("Rurelec" or "the Company") Appointment of Director Rurelec is pleased to announce the appointment of Frederick G. Fisher III as anindependent non-executive Director of the Company with immediate effect. Freddie graduated from Harvard University and subsequently gained an MA fromOxford University and his MBA from Harvard Business School before starting his30 year career in international investment banking and finance, much of it spentin the City of London. Freddie has extensive experience in negotiatingtransactions both on behalf of clients and as principal. As an investment bankerhe was active in mergers and acquisitions around the world, particularly in thebanking sector. Latterly Freddie has been Chairman and Deputy Chairman ofexpanding companies in the film, property and European gaming industry. Freddiehas written five finance textbooks on eurobonds, international M&A andderivatives. In addition to his duties as non-executive director, Freddie has also acceptedhis nomination as Chairman of the Audit Committee. Freddie does not currentlyhave an interest in the share capital of the Company. Commenting on the appointment Peter Earl, Managing Director of the Company,said: "We are delighted that Freddie will be joining our Board at Rurelec. Freddie'sexperience and knowledge of international banking and finance will be of hugevalue to the Company as we continue to expand our portfolio of power projects inSouth America." For further information please contact: Peter Earl, CEO, Rurelec PLC 020 7793 5610Paul Shackleton, Daniel Stewart 020 7776 6550 Additional information In accordance with Schedule 2 (g) of the AIM Rules, the following information inrelation to the appointment of Freddie Fisher (age 60) as a director of Rurelecis disclosed: Current directorships and partnerships: Oakley Hall (Stable Block) Ltd7 City Learning Limited7 City Group Limited Directorships and partnerships held in the past five years: The Battlefields Trust LimitedTrinity Capital LimitedTrinity Group LimitedTrinity Partners LimitedOvate Group LimitedOakley Assured Tenancies LimitedCapital Sports Group PlcGlobal Group Europe PlcCarrera Entertainment SAEquiniella SA Save for the information disclosed above there is no other information fallingto be disclosed under Schedule 2(g) of the AIM Rules. This information is provided by RNS The company news service from the London Stock Exchange