Kim Ogaard-Nielsen, as Chief Executive Officer.

Kim Ogaard-Nielsen, as Chief Executive Officer.

From: Public Relations <PR@lotuscars.co.uk>

Date: November 30, 2004 3:56:27 AM PST

To: Subject: Group Lotus plc News Release Kim Ogaard-Nielsen is appointed a s CEO of Group Lotus plc

Hethel, UK

30 November 2004

Kim Ogaard-Nielsen is appointed as CEO of Group Lotus plc

Group Lotus plc, announces the appointment of Mr. Kim Ogaard-Nielsen, as Chief Executive Officer.

Mr. Ogaard-Nielsen (46) is a Danish national and has extensive managerial
and international experience from a variety of industries. His early career
was within the transport sector and included assignments in Denmark, Hong
Kong, Japan, and Switzerland for A.P.Moller/Maersk and later Norasia Lines. Later he co-founded an IT-based consulting and outsourcing business, IBIS Corporation, which primarily focused on business process re-engineering and improvement through the application of web-based technology solutions.

Kim is looking forward to his new role: "We are facing tough challenges over the next few months and I am looking forward to working with my colleagues to tackle these global issues and to drive the business forward. We are fortunate to have a brand that is world renowned for producing great cars and providing innovative engineering services; couple this with our passionate staff and we have the ingredients for a company that has a bright future."

Notes:

High-resolution pictures of Kim Ogaard-Nielsen, and Lotus products (Elise and Exige) can be downloaded from the media centre of the official Group Lotus website at http://www.grouplotus.com/mediactr. The image library is for registered users only. Members of the press may register for the media centre.

About Group Lotus plc:

The main operating subsidiary of Group Lotus plc is Lotus Cars Ltd which has two operating divisions - Lotus Cars and Lotus Engineering: Lotus Engineering provides comprehensive and versatile consultancy services to many of the world's OEMs and Tier 1 suppliers, offering a full engineering service from initial concept and project design through development to full production prototype build. Lotus Cars builds and commercialises Lotus sports cars, Elise and Exige; builds sportscars for General Motors and manufactures the advanced composite front and rear crash structures for Aston Martin V12 Vanquish.

For further details please contact;

PR Department

Group Lotus plc, Potash Lane, Hethel, Norfolk, UK, NR14 8EZ

Tel: +44(0)1953 608264

Fax: +44(0)1953 608111

Email: pr@lotuscars.co.uk

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