OFEX APPOINTS ADDITIONAL NON-EXECUTIVE DIRECTOR

OFEX Holdings plc announced today the appointment of Helen Bagan as Non-Executive
Director to the Board, and Chair of the Audit Committee, effective as of 3 November
2003.  Helen is a chartered accountant with a number of years' experience in financial
management in both quoted and private companies.

Helen most recently served as finance director of private equity firm, Beringea Limited
(formerly ProVen Private Equity Limited), for three years, preceded by a period on the board
of Majedie Investments plc, also as finance director.  Helen also brings investment management
experience to the Board, having been an investment director and manager in private equity
investment firms including Beringea Limited, Dunedin Capital Partners Limited and Henderson
Venture Managers Limited.

John Jenkins, Chairman, noted "We are delighted to welcome Helen to the Board of OFEX.
One of the key objectives outlined in our prospectus earlier this year was to enhance the
strength and depth of the OFEX team.  The addition of Helen will undoubtedly play a role in
taking the OFEX market further forwards".

Helen, aged 44, holds no current directorships but has been a director of or partner in the
following companies or partnerships in the last five years:

AIM Holdings Limited, Angelina Ballerina Limited, Barlow Service Company Limited, Beringea
Limited, Colville Limited, Cravenstreet Limited, Dunedin Capital Holdings Limited, Dunedin
Capital Partners Limited, Majedie Investments Limited, Majedie Investment Trust Management
Limited, Majedie Portfolio Management Limited, ProVen Holdings Limited, ProVen Private
Equity Limited.

For any more information please contact Jonathan Jenkins at OFEX on 020 7423 0800 or
enquiries@ofex.com



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