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Xaar Appoints New Finance Director and Secretary

Press release from the issuing company

3/28/01 Xaar plc (“Xaar”), the Cambridge-based ink jet printing technology company, today announced that Gordon MacLeod was appointed as Finance Director at the Annual General Meeting held yesterday, following the resignation on the same day of Jonathan Lowe from the Board to join a leading private equity firm. Mr MacLeod has also been appointed as Company Secretary. Mr MacLeod, aged 30, qualified as a chartered accountant with Coopers & Lybrand New Zealand. In 1995 he was seconded to the firm in the UK, where he was an audit manager in the Cambridge office. He joined Xaar in March 1998 as the Group Financial Controller.

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