Kim Ogaard-Nielsen, as Chief Executive Officer.

Kim Ogaard-Nielsen, as Chief Executive Officer.

From: Public Relations <>

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."


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 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



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