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Xaar CEO Resigns, Appoints Ian Dinwoodie as New Chief

Press release from the issuing company

July 3, 2003 -- Xaar plc has announced the appointment of Ian Dinwoodie as its new Chief Executive. Ian Dinwoodie, former Group Operations Director and member of the Xaar board, has taken over the role from Jan Fineman, who stepped down as Chief Executive following two and a half years in the position. Nigel Berry, Group Finance Director will also assume the additional role of Deputy Chief Executive in support of Ian. In his new role as Chief Executive, Ian will focus on increasing the profitability of the Group and concentrate growing the company into a major global player in digital printing markets. “Xaar remains committed to increasing its position as a market-leading high-tech manufacturer of digital inkjet technology concentrating on speciality graphics printing, packaging printing and industrial printing,” comments Ian Dinwoodie, Chief Executive of Xaar plc. “Our commitment to research and development remains one of our key priorities and we are already developing our second, third and fourth generation technologies and have a sound roadmap for the future.” Ian has over 20 years of experience in high-tech manufacturing operations. He joined Xaar plc as Operations Director in September 2001 to oversee the successful relocation of its manufacturing activity from Cambridge to its volume manufacturing plant in Järfälla, Sweden. Prior to joining Xaar, Ian worked as Director of Manufacturing for Fujifilm Electronic Imaging Ltd.

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