Dyoll Gp. Ltd. (DYOL) – CEO exits

The Chairman of the company announced that Mr. Peter J.C. Thwaites, President and CEO of

Dyoll Gp. has indicated his intention to resign from those positions with effect from December 31, December 1997.

The Chairman said that although Mr. Thwaites is still a relatively young man, he has served Dyoll for almost 38 years and feels that he has earned a rest. The Chairman also reported that Dyoll has engaged KPMG Peat Marwick to do an indepth study of the Group and expect to get their report by the end of November 1997. At that time, a decision will be taken on exactly how Dyoll will try to fill the gap left by Mr. Peter Thwaites.