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Danka Announces Appointment of New Director, Chris Harned

Tuesday, March 26, 2002

Press release from the issuing company

ST. PETERSBURG, Fla.--March 25, 2002--Danka Business Systems today announced the appointment of Chris Harned as a Non-Executive Director to its Board of Directors, effective immediately. Mr. Harned was appointed by the Company's Participating Shareholders to replace Anthony Tutrone, who resigned from the Board of Directors on February 25, 2002. Mr. Harned is Managing Director of the Cypress Group L.L.C. which he joined in 2001. Prior to the Cypress Group, Mr. Harned spent 16 years at Lehman Brothers, most recently as head of Lehman's Global Consumer Products Merger and Acquisition business. Mr. Harned also served as a member of Lehman Brothers' Investment Banking Business Development Committee.




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