Cagney Plc ('Cagney' or the 'Company')

Steve Mattey appointed as Chief Executive

20 May 2008 

The board of Cagney Plc, the marketing services group, is pleased to announce the appointment of Steve Mattey as Chief Executive of the Company with immediate effect.  

Steve was a co-founder of Tree, the market research and data analysis business acquired by Cagney in January 2007, with Matthew Bayfield. Before founding Tree, Steve worked on both the client and agency side of the industry.  On the client side he was at HSBC Bank for eight years, specialising in using data to deliver more efficient marketing campaigns to the bank's customers.  He has also worked for several large agencies including heading the data planning unit at WPP network Wunderman Cato Johnson.  

Steve Mattey said 'After more than 20 years in the marketing industry, and with half that time running my own business, I look forward to this next challenge.  In line with Cagney's established strategy, we plan to develop a group of businesses which are innovative in the communications services they offer and which challenge the mainstream communication industry by attracting high profile business.  In the coming years the marketing industry will increasingly need to embrace the demands of consumers who have become more eclectic and discerning in the way they gather information about the products and services they buy.  Cagney and its group companies recognise this and are very well placed to react to it as a group and as stand alone businesses.  I believe we will reap the rewards for responding effectively to these changes.'  

Alex Hambro, the Company's Chairman said 'We are delighted to welcome Steve to the Cagney board. With his wide range of experience in marketing services; in running his own successful business; and in successfully integrating Tree into the Cagney group, he was the obvious choice as Chief Executive. His appointment has the full support of both the Cagney board and the Group's senior management team.'

Stephen Richard Mattey holds 16,701,055 ordinary shares of 1p in the Company representing 7.65 per cent. of the issued share capital. He has two current directorships: Tree (London) Limited and A Good Listener Limited and is also a designated member of Forest London LLP (formerly known as Tree London LLP).

There are no other matters to be disclosed in relation to Schedule 2 paragraph (g) of the AIM Rules.

ENDS

Enquiries:

Cagney Plc                                                       Tel: 020 7637 4198
Alex Hambro, Chairman
Steve Mattey, Chief Executive

Smith & Williamson Corporate Finance Limited    Tel: 0117 376 2213
Nick Reeve

Cubitt Consulting                                              Tel: 020 7367 5100
Michael Henman/Allison Reid

About Cagney Plc:

Cagney Plc is an integrated group of marketing services firms. It combines five businesses: Exedra (retaining BrandAid as a division), Chick Smith Trott (advertising and design), Cubo (promotional marketing), The Media Foundry (public relations) and Tree (market research and data analysis). The Group floated on AIM in February 2006.  

www.cagneyplc.com