Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


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We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

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We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Engel East Europe NV (KBE)

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Monday 29 October, 2007

Engel East Europe NV

Directorate Change

Engel East Europe N.V.
29 October 2007

29 October 2007

                          ENGEL EAST EUROPE N.V.

              Board changes & review of operations and assets

Engel East Europe N.V. ('Engel East Europe' or 'the Company'), the AIM-listed
Central and Eastern European ('CEE') residential property developer (EEE:LN),
announces that Mr. Nir Netzer has been replaced as Chief Financial Officer. Mr
Samuel Hibel has been appointed as Chief Financial Officer with immediate effect
and subject to shareholder approval at an Extraordinary General Meeting to be
held on 22 November 2007, as a Director of the company.

Aged 41 years, Mr Hibel joins from Eurohouse Limited, a real estate company
focused on residential and commercial in East Europe and Israel, where he was
Financial Manager. He has a strong track record as a senior financial executive
across a range of industries. Between 2000 and 2005, he was Chief Financial
Officer of a group of technology companies controlled by Formula Systems
Limited, the company listed on NASDAQ and Tel Aviv Stock Exchange where he also
acted as substitute for the CEO. Prior to that, from 1998 to 2000 he was Chief
Financial Officer of ITP Group, a private company with communication and
international trading interests in Eastern Europe. From 1996 to 1998, he was the
head of the Accounting and Controlling Department in Bezeq International
Limited, the Israeli international telecom carrier. He qualified as a Certified
Public Accountant with KPMG in 1996 having graduated from the Tel Aviv College
of management with a BA in Business Administration.

The company confirms that no further disclosures are required, in accordance
with paragraphs (iii) to (viii) inclusive of paragraph (g) in Schedule 2 of the
AIM Rules, in respect of Mr. Hibel.

In line with the announcement of 20 August 2007, Clair Satchi has resigned as a
Director of the company with immediate effect.

Terry Roydon and Marius van Eibergen Santhagens continue to serve as
Non-Executive Directors.

The appointment of Mr. Hibel completes a period of significant change in the
senior management of Engel East Europe, which has included the appointment of
Sam Salman as Executive Chairman and Eitan Padan as Chief Executive Officer of
the Company.

As part of a corporate revitalisation programme already underway, the new
executive team is conducting a review of all the Company's operations and assets
to ensure that the business is focused on those activities most likely to
generate significant shareholder value.



Engel East Europe N.V.                         00 972 (9) 970 7004
Sam Salman / Eitan Padan

Dawnay, Day Corporate Finance Limited - Nominated Adviser
Gerald Raingold/Nick Lovering                        020 7509 4570

Bankside Consultants
Simon Bloomfield / Andy Harris                       020 7367 8888

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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