Euroclear welcomes Jan Colaes as Managing Director, Project Delivery Services

Brussels - 6 March 2008

Euroclear announces that Jan Colaes will become Managing Director and head of the newly created Project Delivery Services (PDS) division, effective immediately. He will also become a member of the Euroclear Group Management Team.

Jan Colaes joins Euroclear from InBev, where he was an interim manager fulfilling the role of Director of Global Projects. His previous experience includes several years of employment at Marsh & McLennan, where Mr. Colaes managed several IT functions. He also was an interim manager responsible for IT and operational functions at Swiss Life Belgium, Belgian Post Group, Fortis Investment Management, Transcom, as well as the European Commission.

At Euroclear, Mr Colaes will be responsible for all generic IT services that support Euroclear’s projects and programmes including enterprise architecture, vendor management, IT resource strategy, methods and quality, among others. Commenting on the new appointment, Wim Claeys, Executive Director of Euroclear SA/NV, said: “IT is a critical enabler for Euroclear to provide robust and resilient post-trade market-infrastructure services. The new Project Delivery Services division will help us meet the IT needs of the organisation and our clients with even greater efficiency and flexibility. We are delighted to welcome Jan and look forward to sharing his 20 years of business experience and IT knowledge in furthering our goals.”

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