Statement re Exec Director

7 Mar 2007 07:02

Development Securities PLC07 March 2007 Development Securities PLC announces retirement of Paul J Willis, Executive Director Development Securities announces with regret the retirement today of Paul JWillis as an Executive Director, due to family reasons. Paul joined the Board in April 2004, having previously been a Non-executiveDirector of the company from 1995 to 2002. The Board, management and staff of Development Securities wish Paul well for thefuture. Enquiries: Michael Marx, Development Securities PLC 0207 828 4777Mallika Basu, The Communication Group plc 020 7630 1411 This information is provided by RNS The company news service from the London Stock Exchange