Announce Appointment of Director have announced the appointment of Sven Boinet
as a non-executive director with effect 5 August 2003. Sven, who is 50
years old and based in France, has 15 years global hotels experience.

From an initial career in project management and consultancy, Sven has held
a number of senior positions with the Accor Hotel Group from 1988 to
January 2003. Latterly, at Accor, he was responsible for a number of brands
in 85 countries and was on the Executive Board.  He was responsible for the
Hotels and Gaming Division which had sales of ?10 billion and 80,000
employees.  He is also a Non-Executive Director of Pierre et Vacances and

Sven has an Engineering degree from ECP in Paris and holds an MSc from
Stanford University.

Allan Leighton, Chairman of, commented:

“We are delighted to welcome Sven as an additional non-executive director.
He brings to the Board 15 years of senior management experience in the
global hotels business and his knowledge of this market is an important
addition as we grow our European travel businesses.”