17 June 1998 Management Changes Take Acorn Into New Phase Of Development Acorn Group announces that, with immediate effect, Mr Stan Boland formerly SVP of the company, takes over as Chief Executive Officer. After three successful years, Mr David Lee has resigned as a Director of the company. His contribution to Acorn's success is appreciated, and his colleagues wish him well in his future endeavours. Stan Boland will lead the company through its next phase of development. Acorn will continue to leverage its position within the broadband digital interactive set top box market, and further cultivate its position in system software, audio and video codecs - along with component and chip design - in the rapidly expanding area of DiTV. Chris Cox, VP of the Workstations Division continues to have full responsibility for the workstations group and reports direct to Stan Boland. Commenting on today's announcement, Chris Cox said: "The management changes announced today mean that Workstations continue to occupy centre stage at Acorn. We are currently in the process of bringing to market the Phoebe 2100 which is set to be the flagship product of the recently created Workstations Division." The division will continue to enhance its position in the areas of thin client computing and expert high-end workstations for the education and developer community. Stan Boland has appointed a new management team to help steer the company, and welcomes Andy Mee and John Redford to join Richard Conway as members of the operating board of Acorn Computers Limited. Further announcements regarding the management team will be made as the company achieves in its chosen markets, over the coming months. In addition to these changes, both Peter Bondar and Graham Dodgson have left the company, in order to pursue other interests. Everyone at Acorn values their contribution, and wishes them both all the best in their future ventures. -- Chris Cox, VP Product Business Unit Acorn Computers Ltd Tel: +44 (0) 1223 725231 Acorn House, 645 Newmarket Road Fax: +44 (0) 1223 725901 Cambridge, CB5 8PB, United Kingdom WWW: http://www.acorn.com/ **** ACORN WORLD '98: 16 - 18th OCTOBER 1998, LONDON ARENA, DOCKLANDS ****