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Island Press (Holdings) Announces Departure Of Senior Management

15 May 2001

Hamilton, Bermuda: 15 May, 2001- Island Press (Holdings) Limited (the "Company") has today advised the Bermuda Stock Exchange (BSX) that €˜Ciaran Horgan, the Company's Chief Financial Officer and Gary Taylor the General Manager of Island Press Limited, a subsidiary of the Company , are no longer with the Company and Island Press Limited respectively.'