ADW Addworth

RNS Number:1977O
Addworth PLC
18 February 2008

18 February 2008


                                  Addworth Plc

                            New Director Appointment


Addworth Plc ("Addworth" or the "Company"), the AIM 'active capital investor',
announces the appointment of Frans Timmermans as Finance Director, effective
today.  Frans will replace Rob Painting, who has been acting in an interim role.
Rob will remain on the Board and revert to his original role as Non-Executive
Director.


Frans (aged 61), who has been employed by Addworth as its Financial Controller
since October 2006, was born and educated in the Netherlands but has lived and
worked in England since 1969.


He started his career in accountancy with The Nestle Company in Croydon, later
working for a number of different businesses in the London Area.  In 1981, Frans
joined the Gallagher Group, a privately owned construction company in the
Midlands as company accountant, returning to London to take up a similar
position with fledgling international film distributor Glinwood Films in 1985.
This company went through a period of rapid growth based on the success of multi
Oscar winner, 'The Last Emperor'.  As Director of Finance, Frans was involved
with both the international distribution and financing of the films Glinwood
Films handled.


Since the mid 1990's, Frans has run his own accounting business working with
small and medium sized companies.  He is also Company Secretary to a number of
PLUS-quoted and AIM companies, many of which have been set up by Addworth.


Addworth Chairman, Mark Watson-Mitchell, commented:


"Frans has already proved to the Board the skill sets he can bring to Addworth
through his acting position as Financial Controller for the Company. We are
delighted he has accepted our invitation to move up as Finance Director. In
addition, we have seamlessly replaced Rob Painting while still retaining his
invaluable experience on our Board and I would like to take this opportunity to
thank Rob Painting for taking the interim role so we could fill this role with
the diligence it deserves."


In accordance with Schedule Two, paragraph (g) of the AIM Rules for Companies,
the following information is provided:


Mr. Franciscus (Frans) Johannes Maria Timmermans holds, or has in the last five
years held, the following directorships and/or partnerships.


Current directorships/partnerships             Former directorships/partnerships held within the last 5 years

Acomptare Limited                              Connaught Foods Limited

Fairytales Of The World Limited                Living Neon Dreams Limited

Farmers' Market In The City Limited            The Celtic Bakers (Holdings) Limited

Investors In Film Limited                      The Celtic Bakers (Wheat-Free) Limited

Plus Investors Limited                         Sans Soucis Bakery Limited

Yellowcake plc


Frans holds no ordinary shares in the Company but has options in the Company for
500,000 ordinary shares.


Frans was a director of Film Trustees Limited when the company was placed into
creditor's voluntary liquidation in July 1992.


Frans was declared bankrupt in April 1994.  In August 1994, Frans entered into
an individual voluntary arrangement and his bankruptcy order was annulled.  The
individual voluntary arrangement was completed in August 1996.


There is no further information required to be disclosed in respect of the above
appointment, pursuant to Schedule Two, paragraph (g) of the AIM Rules for
Companies.

                                     -Ends-


For further information:


Addworth Plc                               Tel: 0207 638 8750

Mark Watson-Mitchell

www.addworth.co.uk



Nabarro Wells & Co. Limited                Tel: 0207 7710 7420

Hugh Oram


Notes to Editors



Addworth Plc (AIM: ADW), which gained admission to AIM on 3 February 2005, was
formed primarily to act as an 'active capital investor'. The focus is upon the
growth of capital value and the generation of fee income from: establishing and
funding newly quoted sector focused companies; acquiring and developing
companies with growth potential; and taking minority equity positions in
undervalued smaller listed companies.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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