Directorate Change

Millfield Group PLC
11 May 2006

11 May 2006

               Millfield Group plc ("Millfield" or the "Company")

                              New Chief Executive



The Board of Millfield announces that Paul Tebbutt has stepped down as Chief
Executive and as a director of Millfield with immediate effect. Alan Easter has
today been appointed Chief Executive.

The Board is continuing its discussions with various parties and is currently
preparing an enhanced business strategy with a view to raising new capital from
shareholders.  The Company continues to communicate with the Financial Services
Authority with regard to eliminating its capital adequacy test 2 deficit, and is
in discussion with its commercial loan providers with regard to the
recapitalisation of the Company.



Enquiries to:
Millfield Group Plc
Alan Easter                               020 8604 2600

Financial Dynamics
Louise Dolan                              020 7269 7192




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