Melrose Names New Chief Exec

David Howard Thomas will be joining Melrose Resources plc as its new Chief Executive.

Thomas holds a BSc in Mining Engineering and an MSc in Petroleum Engineering and has 28 years of experience in the international oil and gas industry. He started his career at Conoco, where he held various positions in petroleum engineering, economic planning and management in the UK and United Arab Emirates.

In 1995 he joined Lasmo, the British independent oil and gas company, where he became the Group General Manager Operations. In 2001 Lasmo was acquired by Eni and Mr Thomas subsequently served as Regional Vice President for the North Sea, then Russia, Asia and Australasia and, later, West Africa. During this period he served on the board of a number of Eni's international subsidiary companies. In 2006 he joined the Canadian exploration and production company, Centurion Energy International Inc, where he held the position of President and Chief Operating Officer. It is expected that David Thomas will join Melrose in June 2007.

Robert Adair, Melrose's Executive Chairman, said:

"I am delighted that David Thomas will be joining the Melrose team as Chief Executive and I look forward to working with him in the years ahead. The company is in a period of rapid growth and David's wide range of international experience will be of great benefit as we seek to deliver our ambitious operating and business development goals. I am particularly pleased that he has recent experience of working in the Egyptian oil and gas industry (with Centurion Energy) as Egypt is a core area for Melrose."