24:03:03

DA Group is pleased to announce the appointment of Cyril Scott as Sales and Marketing Director with immediate effect.

Cyril Dickson Scott, aged 53, was formerly Vice-President of Sales & Marketing with NCR where he was responsible for sales across Europe, the Middle East and Africa. Prior to his appointment to Vice-President of Sales & Marketing, Mr Scott was NCR’s UK Sales Director.

Commenting on Mr Scott’s appointment, Michael Antliff, CEO of the Company, said:

“I’m delighted that Cyril has joined the team. He has seen the potential of our business and I know that he relishes the challenge ahead.”

Directors Options

The Company announces the grant today of an option to Mr Scott to subscribe for up to 300,000 new ordinary shares of 10 pence nominal at an exercise price of 18.5 pence per new ordinary share, being the closing mid-market price on 21 March 2003. Subject to certain limited exceptions, the option is exercisable as to up to 100,000 new ordinary shares on and after 24 March 2004, as to up to 100,000 new ordinary shares on or after 24 March 2005 and as to the remaining 100,000 new ordinary shares on or after 24 March 2006.

The options lapse on 24 March 2013, and, subject to certain limited exceptions, may only be exercised provided Mr Scott remains a director of the Company or any holding or subsidiary company at the time the option is exercised. The options are not transferable or assignable.

The Company announces the grant today of options to both Michael Antliff and Paul McCaffrey to each subscribe for up to 100,000 new ordinary shares of 10 pence nominal at an exercise price of 18.5 pence per new ordinary share, being the closing mid-market price on 21 March 2003. Subject to certain limited exceptions, the option is exercisable as to up to 33,333 new ordinary shares on and after 24 March 2004, as to up to 33,333 new ordinary shares on or after 24 March 2005, and as to the remaining 33,334 new ordinary shares on or after 24 March 2006.

The options lapse on 24 March 2013, and, subject to certain limited exceptions, may only be exercised provided Mr Antliff and Mr McCaffrey remain a directors of the Company or any holding or subsidiary company at the time the option is exercised. The options are not transferable or assignable.

Each of the executive directors have today agreed to surrender for nil consideration the options issued to them on 16 March 2001 at an exercise price of 48.5p as follows:

Michael Antliff94,011
Paul McCaffrey94,011
Laurie McCulloch 188,021


Enquiries

Michael Antliff, CEO,

Elizabeth Lambley, Indigo PR,