Directorate Change

Cosalt plc

("Cosalt" or "the Group")

Appointment of new CEO and CFO

Cosalt is pleased to announce the appointment of Trevor Sands as Chief Executive Officer and Dolores Douglas as Chief Financial Officer. Trevor will replace Mark Lejman, who has agreed with the Board to step down following the sale of the Marine business. Trevor will join the Board on 27 October 2011 and Mark will remain in his role until that time. Dolores joins the Group in September.

Trevor, a Chartered Accountant, joins from the global engineering multinational Emerson Electric Inc. Trevor worked in a range of senior management roles internationally during his 13 years at Emerson.and, latterly, was President of the Daniel Measurement and Controls Division, provider of products and services to the oil and gas sector. Prior to joining Emerson, Trevor was Corporate Controller at Invensys Plc and previously at Unitech plc, as Group Financial Controller, and Arthur Andersen.

Dolores is a Chartered Accountant and was previously Finance Director of Big Thoughts Ltd, an award-winning food and drink manufacturer. Her experience includes providing consultancy services to a range of companies as well as spending 10 years in Corporate Finance with Ernst & Young. She also has significant experience in litigation support and has worked on a number of fraud and valuation cases for international companies. Dolores will not initially join the Board of Cosalt.

David Ross, Chairman of Cosalt, said:

"We are very pleased to have secured Trevor as the new CEO and Dolores as CFO. Trevor comes with a strong financial background and broad general management experience gained with a variety of international companies. Similarly, Dolores also brings extensive senior management experience to the Group. Together, I believe they form the nucleus of a strong team and I am looking forward to working closely with them to move Cosalt forward."

"I would also like to thank Mark for his hard work for the Company during a very challenging period and we all wish him well for the future."

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