Banking Facilities/New CEO

Screen PLC 05 December 2002 Screen Plc ('the Company') Banking facilities and appointment of CEO The Company can confirm that its bankers, Halifax Bank of Scotland (HBOS) have now approved banking facilities in line with the Company's requirements for the next twelve months. This is a constructive further step in the reorganisation of the Company as set out in the announcements of the 6th and 18th of November 2002. The Company also announces the appointment of Adrian Merryman as Chief Executive (CEO) and a main board director with immediate effect. A member of the recently appointed senior interim management team, Mr Merryman, aged 44, joins Screen from Interregnum plc, the IT investment and advisory firm, where he was Chief Investment Officer. As CEO, Mr Merryman, supported by the Company's two executive directors and the senior interim management team, will be responsible for day-to-day operations and more specifically, the implementation of the reorganisation plan. Mr Ian Taylor will continue as part time executive Chairman. Prior to joining Interregnum in February 2000, Mr Merryman served as CEO of TEMENOS Systems, a Swiss based international banking enterprise software company, headed CIBC Oppenheimer's European Investment Banking group, and served as an investment banker at Merrill Lynch. Before obtaining his MBA from Harvard in 1992, Mr Merryman headed operations for DuPont Information Engineering Associates, a software development company serving U.S. corporations and banks. Mr Merryman began his career in US advertising, providing IBM, Xerox (Office Systems division) and Procter & Gamble with strategic marketing direction. Mr Merryman gained a Bachelor of Arts degree from Swarthmore College in1980. The Company intends to announce the interim results for the six-month period ending 30th June 2002 in the week commencing 16 December 2002. 05 December 2002 Enquiries: Binns & Co. PR Ltd Peter Binns / Paul McManus Tel: 020 7786 9600 Notes: Adrian Iver Merryman is or has been a director of: Interregnum plc (Current) Executive Director. Respond Group Limited (Current) Non-Executive Yospace Technologies Limited (Current) Non-Executive Adaptive, Inc. (Current) Non-Executive Temenos S.A (Past) Executive Director. Yospace Holdings Limited (Past) Non-Executive Computerwire Services Limited (Past) Non-Executive Computerwire Group Limited (Past) Non-Executive On board Info Limited (Past) Non-Executive Initiative Software Limited (Past) Non-Executive Vocalex.com, Inc. (Past) Non-Executive As an investor representative, Mr Merryman served as a Non-Executive Director of Yospace Holdings Limited, Computerwire Services Limited, Computerwire Group Limited, and On board Info Limited. The first three of these companies entered into administrative receivership on 01 October 2002, 10 June 2002 and 11 October 2002 respectively. The fourth entered into a voluntary liquidation with its creditors on 02 July 2002. There are no other disclosures to be made pursuant to schedule 2, paragraph F iii) to viii) of the AIM rules. ENDS This information is provided by RNS The company news service from the London Stock Exchange