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Catalyst appoints new Board Member to further develop growth plans and key partnerships

LONDON, June 13, 2006 – Catalyst, a consultancy specialising in complex change programmes including large IT and operations initiatives in capital markets and asset management, today announced the appointment of Paul Collins, a renowned entrepreneur with 15 years experience in financial and IT services, to its Board of Directors.

Paul will provide support and guidance to Catalyst’s corporate strategy and marketing processes.

Speaking on his appointment, Paul commented: “I am delighted to have the opportunity to support Catalyst’s growth plans. Catalyst is one of the few firms in the consulting market which really understands how to effect change and, more importantly, make it stick. Catalyst’s skills in the financial services market are in great demand and these skills will continue to strengthen as the sector undergoes rapid structural, regulatory and technological changes. I look forward to exciting developments over the coming years.”

Greg Davis, CEO of Catalyst, said: “Paul has already helped us see the need to communicate better the quality and value of our services. We expect his strong experience in growing consultancies to help us accelerate the growth of our business and service our clients better.”

As well as sitting on Catalyst’s Board, Paul is the managing director of Consulting Development, which provides advice, support and resources to other consulting firms so that they can achieve their own financial aspirations.

Prior to this, Paul built and sold three successful consulting businesses – the largest being WCI (formerly World Class International Ltd), a consulting and IT services firm that Paul grew from 20 consultants and £4 million revenues in 1995 to £63 million in sales and over 350 staff in 2002.