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New CEO!
Hethel, UK
30 November 2004

Kim Ogaard-Nielsen is appointed as CEO of Group Lotus plc

Group Lotus plc, announces the appointment of Mr. Kim Ogaard-Nielsen, as
Chief Executive Officer.

Mr. Ogaard-Nielsen (46) is a Danish national and has extensive managerial
and international experience from a variety of industries. His early career
was within the transport sector and included assignments in Denmark, Hong
Kong, Japan, and Switzerland for A.P.Moller/Maersk and later Norasia Lines.
Later he co-founded an IT-based consulting and outsourcing business, IBIS
Corporation, which primarily focused on business process re-engineering and
improvement through the application of web-based technology solutions.

Kim is looking forward to his new role: "We are facing tough challenges over
the next few months and I am looking forward to working with my colleagues
to tackle these global issues and to drive the business forward. We are
fortunate to have a brand that is world renowned for producing great cars
and providing innovative engineering services; couple this with our
passionate staff and we have the ingredients for a company that has a bright
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