MAY Mapeley

    RNS Number : 0327E
  Mapeley Limited
  23 September 2008
   


    London, 23 September, 2008 


    Mapeley Limited - CEO succession


    Mapeley announces that Nick Friedlos, currently the company's Chief Financial Officer, is to be appointed as Chief Executive Officer
with effect from 1st January 2009.  Nick will succeed Jamie Hopkins who will remain on the board of Mapeley as a non-executive director and
will become a consultant to Fortress Investment Group.  

    Nick has over 25 years of accounting and finance experience, with the most recent 10 years being within the property industry. Nick was
most recently Executive Director of Derwent London plc and has also held the position of Finance Director at both London Merchant Securities
plc and Land Securities Trillium.  Speaking about the appointment, Nick said "I am delighted to become CEO of Mapeley. I am looking forward
to having the opportunity to play a leading role in the next phase of Mapeley's growth and development."

     Jamie Hopkins will be joining Chester Properties, a London based private property company.

    Commenting on the announcement, Wes Edens, Chairman, said:

    "The board is excited to announce the appointment of Nick as Chief Executive Officer.  Nick has the relevant industry and public company
experience together with the skills and vision to lead Mapeley.

    On behalf of the Board, I would like to thank Jamie for the energy and commitment he has demonstrated in driving the development of
Mapeley since its formation in 1999.  We are delighted that he will remain on the Board so that we can continue our relationship with him
and benefit from his experience. I wish him every success in his new business venture."

    For further information, please contact:
 Nicola Perkins, Investor Relations  Kate Holgate/Pavla Shaw 
 Mapeley                             Brunswick
 Tel: +44(0)20 7788 1882             Tel: +44(0) 20 7404 5959
 Email:IR@mapeley.com                Email: Mapeley@brunswickgroup.com
    Note for Editors:
    Mapeley is a Guernsey-based market leading property company whose core business is the acquisition, ownership and management of a
diverse portfolio of commercial properties throughout the UK let to government and strong credit quality tenants. For more information
regarding Mapeley Limited, please visit www.mapeley.com


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