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Savoy appoints new director

Media release

Wednesday 8th June 2005

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Stephen Underwood has been appointed to the board of directors of Savoy Equities Limited.

Garrick Wells, chairman of Savoy Equities, said the directors were pleased to welcome Underwood to the board as he would bring complimentary skills and experience to the existing board members.

Underwood has extensive experience in private equity financing, investment banking and is a director of a number of private companies.

Underwood's appointment will require ratification at the company's forthcoming Annual General Meeting

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