RNS Number:3164O
Turbo Genset Inc.
05 August 2003


5 August 2003


                TURBO GENSET TO RECRUIT PERMANENT CHIEF EXECUTIVE


Turbo Genset, the producer of high-technology power generation and conditioning
equipment, announces that it has commenced a search for a permanent Chief
Executive to strengthen the Management Team. Peter Hollins, who was appointed as
Interim Chief Executive in August 2002, will leave the Company at the end of
this week, prior to taking up his new role as Director General of the British
Heart Foundation. Until the new Chief Executive joins, Professor Colin Besant
will act as CEO in addition to his role as Chairman.

Colin Besant said "Peter has made a very major contribution to the Company
during his time here. In the past year, Turbo Genset has made good progress in
transforming its superb technology into commercial reality. The time has come
for a permanent Chief Executive to capitalise on that progress. Peter takes with
him the good wishes of the Board and Management Team for his new career".

Peter Hollins said "I believe that Turbo Genset has excellent technology and am
proud to have been part of the Management Team during such a key phase in the
Company's development. I am confident that the Management Team can take the
Company forward into an exciting and profitable future".


For further information, please contact:

Gavin Anderson & Company (PR)             Tel: +44 (0)20 7554 1400
Neil Bennett                              Email: nbennett@gavinanderson.co.uk
Ken Cronin                                Email: kcronin@gavinanderson.co.uk

Turbo Genset Inc                          Tel: +44 (0)20 8564 4460
United Kingdom
Colin Besant, Chairman and Chief
              Executive Officer
Fraser Searle, Chief Financial Officer


Website:                                  www.turbogenset.com

Seton Services Inc (IR)                   Tel: +44 (0)20 7373 3536
Toni Vallen                               Email: toni@setonservices.com
                                        

NOTES TO EDITORS

About Turbo Genset

Turbo Genset develops innovative products for power generation and power
conditioning. The Group was established in 1993 as a spin-off from Imperial
College, London and was floated on the London stock exchange in July 2000 and
soon after obtained a secondary listing in Toronto.

In July 2001, the Group acquired Intelligent Power Systems Limited (I-Power)
specialising in power electronics.

About Power Electronics

Power electronics products take a range of power inputs and condition them to
achieve outputs of precisely defined characteristics for applications such as
industrial lasers, Ultra Violet sterilization systems and railway power
electronics systems.

Forward Looking statements

This news release contains forward-looking statements. Forward-looking
statements include statements concerning plans, objectives, goals, strategies,
future events, or performance, and underlying assumptions and other statements
that are other than statement of historical fact. These statements are subject
to uncertainties and risks including, but not limited to, the ability to meet
ongoing capital needs, product and service demand and acceptance, changes in
technology, economic conditions, the impact of competition, the need to protect
proprietary rights to technology, government regulation, and other risks defined
in this document and in statements filed from time to time with the applicable
securities regulatory authorities.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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