Directorate Change

Millfield Group PLC
01 November 2004

Date:                  1 November 2004
On behalf of:          Millfield Group plc ("Millfield")
                       For immediate release


Millfield Group plc
MILLFIELD SENIOR PERSONNEL CHANGES


Millfield Group plc, the UK's largest national independent financial adviser, is
delighted to announce that Mike Duncan has today been appointed as Operations
Director for the enlarged Group on the Group Executive Board (the Operating
Board of the company).  Mike has previously carried out integration roles as
Client Relationship Director for Union Bank of Switzerland. His exceptional
experience includes the roles of Senior Manager Information Services London
Stock Exchange, Director of Equities NatWest Markets, Group Executive Director
of Eastgate Group, General Manager North America Tradaq Group Inc and Managing
Director of Rarringini & Rosso Ltd.

Michael Burne steps down from this role and will be leaving the Group to pursue
fresh opportunities.  We wish him every success in his future activities.

At the same time Keith Carby has ceased to be responsible for Group Sales with
effect from today.  The successor for this role will be announced shortly.

Paul Tebbutt, Chief Executive, said:

"Millfield is pursuing a clear, focused strategy and is now well positioned to
deliver increased benefits to its shareholders, advisers, employees and
customers.  We are a month into implementing the integration following the
merger with Inter-Alliance and we are delighted to have a strong team, with a
proven track record who have already identified cost savings meeting the £5m
target. We will give an update with our Interims which are due early December.
We continue to refine our management team and to pursue efficiencies and
improvements to services for our advisers, employees and clients."

- Ends -



Enquiries to

Millfield Group plc
Paul Tebbutt, Chief Executive               Tel: [phone]
Harry Roome, Finance Director               Tel: [phone]

Redleaf Communications
Emma Kane/James White                       Tel: [phone]


Notes to Editors

About Millfield

•    Millfield Group plc was floated on the Alternative Investment Market of the 
     London Stock Exchange in March 2001.

•    Millfield, following its merger with Inter-Alliance, is now the largest 
     national independent financial adviser.  Millfield is a national
     independent financial advisory company in the UK, offering truly 
     independent advice, primarily in the pensions, life insurance, investment 
     and mortgage sectors, as well as long-term care provision, personal wealth 
     management and the corporate financial planning arena.  Millfield also has 
     specialist divisions dealing with offshore investment, insurance and 
     employee benefits.




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