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Toad PLC (TGP)

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Monday 21 May, 2001

Toad PLC

Re Directorate

Toad PLC
21 May 2001

Press Release

Sir Christopher Evans OBE today retired from the board of Toad plc, of which
he was Chairman, to focus his attention on the near term expansion of Merlin
Biosciences across Europe.

An announcement will be made in the near future regarding the appointment of a
new Chairman and in the meantime Stephen Wheatley, Toad plc's Chief Executive,
will take over as acting Chairman.

Sir Christopher Evans OBE said

    'After 7 years as Chairman I have helped steer Toad from a small start up
    company based in Cambridge to a profitable fully listed plc with 300
    hundred staff and a turnover of £33 million.

    Now, under the excellent leadership of Stephen Wheatley and his vibrant
    management team, Toad is set to enter the vehicle telematics marketplace
    and as Toad's largest shareholder I applaud and endorse this move.

    My aim is to now focus my efforts on growing Merlin Biosciences into one
    of the worlds premier biotechnology investment groups.'

Stephen Wheatley said

    'Toad was Chris's vision and it was through his energy and hard work that
    the company became the number one specialist audio and security company in
    the UK. I would like to thank Chris for his contribution over the last
    seven years.

    He is retiring in the knowledge that the company has established an
    excellent operational infrastructure that the directors believe will
    return good shareholder value over the next 3 years, although the negative
    dollar exchange rate, the ending of our relationship with Laserline Italy
    and the cost of investment in our new ACTRA range of telematics products
    and services will have a material impact on our 2001 figures.'