The Board of Directors is pleased to announce the appointment of Mr. Roy Dillon as acting CEO, effective 1 October 2008. Mr. Dillon is currently Managing Director of the Hallensteins chain, and has been a Director of the Company for the past 8 years. Chairman of Directors Warren Bell said “we are delighted Roy has agreed to accept this appointment. He has immense experience in all facets of the retail business and his depth of knowledge will be extremely valuable steering the company through the current challenging retail environment.”