(ICB.L) ICB Financial Group Holdings AG Buy/Sell

ICB FINANCIAL GROUP HOLDINGS AG

APPOINTMENT OF NEW GROUP CHIEF EXECUTIVE OFFICER

ICB Financial Group Holdings AG ("ICB") is pleased to announce the appointment of Mr Tai Terk Lin as Group Chief Executive Officer.

Mr Tai has a wide range of banking experience covering retail, commercial, private and investment banking. He joins ICB from Platinum Capital Management, a London-based hedge fund company where he held the appointment of Executive Director and Head of Business Development (Asia).

Mr Tai started his banking career in 1984 in Supreme Finance before he joined PricewaterhouseCoopers as a consulting manager in its Corporate Care Division. In 1992, Mr Tai joined the Hong Leong Group of companies where he held various positions in banking and investments. He left in 2001 as Chief Executive Officer of Hong Leong Unit Trust and joined AmInvestment Bank as Director/Head of Private Banking and subsequently went on to be Senior Vice President, Private Banking of DBS Bank in Singapore.

Mr Tai holds a Master of Business Administration from the Cranfield University, United Kingdom and a Bachelor of Science (Honours) in Mathematics and Physics from the University of Malaya, Kuala Lumpur. He was also a Penang State Scholar. Other professional accreditation includes qualifications as a Certified Financial Planner (CFP(TM)) and a Financial Industry Certified Professional (FICP) in Wealth Management, Singapore.

The Company's AIM nominated adviser is RFC Corporate Finance Ltd. Contact Stephen Allen or Trinity McIntyre on +61894802500.

END