New CFO at Colt

[private]COLT, a leading European provider of business communications, has announced that Stuart Jackson has been appointed Chief Financial Officer reporting directly to Rakesh Bhasin, Chief Executive Officer. He will join the Company on 7 September 2009 and be appointed to the Board of Directors on that date.

Stuart will join from Acergy S.A., the offshore engineering and construction contractor, where he has been Chief Financial Officer for more than six years. Stuart has more than 25 years international financial management, corporate finance, trading and general management expertise, having managed businesses in the UK, the Far East and North Africa.

Tony Bates was Chief Financial Officer from May 2004 until he was appointed Chief Operating Officer (COO) in April 2008; since then he has also been Acting Chief Financial Officer.

Commenting on the changes, Rakesh Bhasin said:

“I am delighted that Stuart is joining us. He brings a successful track record of managing and developing international businesses and I look forward to working with him as COLT continues its transformation from a fixed line operator to an IT services and solutions provider.

“I would like to take this opportunity to thank Tony for his valuable contribution as CFO to COLT’s progress. Tony will remain on the Board of COLT as COO and continue to play a key role in delivering COLT’s strategic priorities.”

About COLT

COLT is a leading European provider of business communications. COLT specialises in providing data, voice and managed services to major businesses, SMEs and wholesale customers. COLT operates a 13-country, 25,000km network that includes metropolitan area networks in 34 major European cities with direct fibre connections into 16,000 buildings and 18 COLT data centres. [/private]