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Online Travel Corporation PLC 17 October 2000 Online Travel Corporation Announces New Board Appointments Robert McDonald Promoted To Board As Technology Director & Kyril Saxe-Coburg, Appointed As A Non-Executive Director London, UK: Online Travel Corporation ('OTC'), the travel technology and distribution company, today announced the appointment of a new Technical Director and a new non-executive director. Robert McDonald (35) is promoted to the main Board as Technical Director. Prior to joining OTC in April 2000, Robert spent nine years at WORLDSPAN Services Limited, one of the world's leading CRS providers. There his most recent responsibility was for e-commerce projects and developing online travel reservations systems. Robert is head of OTC's technical team that are developing an integrated flight and hotel booking engine to allow bespoke travel packages to be booked online. Chief Executive of OTC, Mark Jones commented: 'We are delighted to have Robert on the main Board. What Robert and his team have achieved in the last six months in technical terms is remarkable, but he also brings a focused commercial edge. We expect to launch the first phase of the new booking engine next month, and we believe it will be the first truly integrated bespoke package travel option for the independent traveller.' Kyril Saxe-Coburg is appointed as a non-executive director with immediate effect. Mr Saxe-Coburg is currently a Principal of GLG Partners LP, a leading independent Asset Management company. His responsibilities at GLG Partners focus on investment opportunities in the Spanish and Portuguese equity markets. Prior to joining GLG Partners, Mr Saxe-Coburg spent 10 years at Lehman Brothers Corporate Finance, specialising in Mergers & Acquisitions for South European clients, including the merger of the Spanish sugar companies Ebro and Azucarera valued at US$1.6 Billion and the sale of Domecq to Allied Lyons for US$1 Billion. Mr Saxe-Coburg holds a BA degree in Physics (cum laude) from Princeton University and sits on the Advisory Council to the President of the Republic of Bulgaria. Chief Executive of OTC, Mark Jones commented: 'It is pleasure to welcome Kyril to OTC in a non-executive capacity. We look forward to utilising his City experience and his knowledge of Eastern & Southern Europe. We already have various projects under review in these regions and Kyril's contacts and experience should help us develop and capitalise on these projects.' Neither Mr McDonald nor Mr Saxe-Coburg have any unspent convictions in relation to indictable offences, have not been declared bankrupt nor made any voluntary arrangements with creditors. Nor have either been a director of a company, or a partner in any partnership which, during their time as a director or partner, or, within 12 months following their resignation as a director or partner, has gone into receivership, liquidation, administration, or any composition or voluntary arrangement with its creditors. Neither have been subject to any public criticisms by any statutory or regulatory bodies or been disqualified by a court from acting as a director of a company or in the management of affairs of any company. For further information, please contact: OTC Tel: +44 (0)20 8255 4441 Mark Jones, Chief Executive Officer Robert Falkner, Finance Director Buchanan Communications Tel: +44 (0)20 7466 5000 Nicola How / Isabel Petre
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