AFA Systems plc - Board Appointment

The Board of AFA Systems plc ("AFA"), the TechMark listed provider of software solutions to global financial markets, is pleased to announce the appointment of Jon Letts as an Executive Director with immediate effect.
Jon Letts, aged 48, has some 20 years experience in banking sales and general management, with Siemens Nixdorf, Informix, BMC Software and most recently Pentasafe Security. Jon’s initial responsibilities will be to drive sales of the Group’s widened product range into the global financial sector and to work with the Board to develop the Group further. Jon will be included in the Key Executives’ Reward Plan approved at the EGM on 17 August 2001 and to be effected following the announcement of the Group’s Interim results on 11th September 2001.

In accordance with the Listing Rules of the UK Listing Authority, we confirm that Jon Letts has no matters to be disclosed pursuant to paragraphs 6.F.2 (b) to (g) and paragraphs 16.4 and 16.5 of the Listing Rules of the UK Listing Authority.

Mike Hart, Chairman and Chief Executive of AFA Systems plc, commented:

"I am delighted to welcome Jon to AFA. Jon brings with him considerable sales and general management experience, and will provide additional strength and depth to the AFA team as we continue to implement our growth strategy."

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