Directorate Change

Peel Hldgs PLC 24 March 2003 BOARD APPOINTMENT Peel Holdings p.l.c. (Peel) announces the appointment of Thomas E. Allison as Ports Director with effect from 24th March 2003. Announcing the appointment the Chairman, John Whittaker said: 'The Group's Ports operations following the acquisition of Clydeport comprise Greenock, Glasgow, Ardrossan and Hunterston on the West Coast of Scotland and the Manchester Ship Canal in the heart of the North West of England. We are delighted that Tom Allison, who has been Chief Executive of Clydeport since 1997, is joining the Board of Peel Holdings and will take executive responsibility for the Peel Group's combined Ports businesses. Tom Alllison is highly regarded given the success delivered at Clydeport and his wide experience should help the Port Operations exploit new business opportunities and prove a valuable addition to the Peel Board. ' Additional Information Thomas E. Allison (age 55) held senior management positions with Rank Xerox plc, Scottish & Newcastle plc, ADT plc and CSC Forest Products Limited before being appointed Chief Executive of Clydeport plc in 1997. He is also a non-executive director Celtic plc, ECO European Limited, The Prince and Princess of Wales Hospice and Wood Mackenzie Limited. Thomas E. Allison's current and past directorships in the previous 5 years are as follows: Current Ardrossan Harbour Company Limited Arma Developments Limited BLP 9828 Limited BLP 9829 Limited Caledonian Ports Limited Celtic plc Clyde Container Services Limited Clydebrick Limited Clydemore Properties Limited Clydeport Data Management Limited Clydeport Operations Limited Clydeport Limited Clydeport Properties Management Limited Clydeport Shipping Limited Clydeport Transport Limited Clydeside Investment Properties Limited ECO European Limited Glasgow Harbour Limited Gray Brothers (Haulage Contractors) Limited Greenock Tall Ships 1999 Limited Hunterston Bulk Handling Limited Strathclyde Stevedoring Services Limited The Prince and Princess of Wales Hospice Wood Mackenzie Limited Past Caberdawn Developments Limited Glasgow Harbour Properties Limited Semple plc This information is provided by RNS The company news service from the London Stock Exchange