St.Modwen Appoints new Group Finance Director

St. Modwen Properties PLC

ST. MODWEN APPOINTS MICHAEL DUNN AS GROUP FINANCE DIRECTOR

St. Modwen, the UK's leading regeneration specialist, has appointed Michael Dunn as its new Group Finance Director with effect from 1 December 2010.

Michael Dunn joins St. Modwen from May Gurney Integrated Services plc, the AIM listed infrastructure support services business with a turnover of £480 million, where he spent five years as Group Finance Director.

A chartered accountant, Michael was Finance Director of Carillion Building and Carillion Private Finance prior to joining May Gurney.

Commenting on his appointment, Bill Oliver, Chief Executive, St. Modwen says:

"I'm delighted to welcome Michael to St. Modwen at a time when the company has returned to profit and is looking to a period of growth. His experience of working for publicly-listed companies, combined with his sector knowledge will undoubtedly prove valuable to the business. I look forward to working with him to deliver the future success of the group."

1 November 2010

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