Directorate Change

Sutton Harbour Holdings PLC
24 January 2003




      Sutton Harbour Holdings: Appointment of Managing Director Designate


The company is pleased to announce the appointment of a successor to the
Managing Director, Duncan Godefroy. As mentioned in the Interim Statement of
November 2002, he is not due to retire until September 2004 but the Board wanted
to complete the succession planning at an early stage. This avoids both
uncertainty within the Company and allows the Managing Director Designate
sufficient running-in time.

Last October we advertised the vacancy nationally. We received a substantial
response and following a full evaluation process undertaken by the Non-Executive
Directors, four candidates were selected for two days of intensive interviews.

The company is delighted to confirm that the board has unanimously decided to
appoint Nigel Godefroy as Managing Director Designate. Nigel has been with
Sutton Harbour Holdings for 10 years. He has served as an Executive Director of
the Group for 6 years and Finance Director for the last 3 years. He has in-depth
experience of all of the Group's activities and has contributed significantly to
our strong growth in recent years. His commitment to our company and respect for
its traditions are well established but he also shares our determination that
Sutton Harbour Holdings should continue to grow in a sustainable way.

For the time being Nigel Godefroy will continue as Finance Director whilst the
board work on finding his successor.

Ellen Winser, Chairman Sutton Harbour Holdings plc.




For further information please contact:

    Duncan Godefroy                            01752 204186
    Ken Rees at Winningtons                    0117 317 9477 or 07802 466567




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