TES Thames Water 26

RNS Number:9377Z
TradingSports Exchange Systems PLC
21 June 2004


For Immediate Release                                      Monday 21st June 2004


                       TRADINGSPORTS EXCHANGE SYSTEMS PLC
                                                                                
                      APPOINTMENT OF CHIEF EXECUTIVE OFFICER

TradingSports Exchange Systems plc ("TradingSports" or "the Company"), the AIM
listed provider of "white label" person-to-person ("P2P") betting exchange
systems, is pleased to announce that it has today strengthened its management
team with the appointment of Roger Mitchell as Interim Chief Executive Officer
of the Company. The appointment is with immediate effect, replacing Joe Tighe in
the day-to-day management of the company.

Mr Tighe has resigned as CEO and director of TradingSports to devote more time
to business development as well as his other company and personal interests.

Andrew Tottenham, Chairman of TradingSports, commented "Although Joe will not be
able to give us the amount of time he would wish, we are very lucky that he has
agreed to remain consultant to the company, and afford us his vision, passion
and sector expertise. The Board wishes to thank Joe for that commitment, and all
his work from the inception of TradingSports."

Mr Mitchell, aged 40 and a qualified CA, was the inaugural Chief Executive
Officer of the Scottish Premier League and held that post from 1998 to 2003. His
personal and professional profile is well known and respected in the sports and
entertainment industry around the world.

Roger brings a tremendous skill and experience base to TradingSports from his
past experience in M&A work for HSBC / James Capel Investment Banking to his
post as CFO and COO of EMI Music in Milan Italy.

Andrew Tottenham commented:

"We are absolutely delighted at the prospect of working together with Roger to
take TradingSports Exchange Systems to the next level in its development. His
immense industry knowledge and personal abilities will significantly strengthen
the management team and commercial profile of the TradingSports business to the
benefit of the shareholders and our clients."

Roger Mitchell, the newly appointed CEO of the Company commented:

"Given the superb technology and sector experience held within TradingSports and
the fantastic potential of the market, there is a glaring opportunity to drive
significant shareholder value into this company. I look forward to the challenge
and to playing a key role within TradingSports to help realise that goal among
many others."

For further information:

TradingSports Exchange Systems plc                    Tel: 0141.586.3422
Roger Mitchell, Chief Executive Officer

Background Information

TradingSports, which floated on the London Stock Exchange's AIM in May 2003,
enables its customers to enter the P2P betting market without the substantial
investment of building, developing and maintaining their own P2P exchange
systems. Aimed at the business-to-business market, TradingSports acts as an
aggregator of liquidity from different sports betting companies, enabling them
to benefit from TradingSports' global pool of P2P bettors.

Save as disclosed below, there is nothing further to disclose in relation to the
appointment under schedule two, paragraph (f) of the AIM Rules:

Current directorships:
Albachiara Limited
Football Aid Limited

Past directorships:
Scottish Premier League Limited



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

END
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