RNS Number:1349Q
Inflexion PLC
24 September 2003

                                                               24 September 2003

                                 Board Changes


Inflexion plc, the UK mid-market private equity investor, today announces the
resignation of Michael Freeman, currently non-executive Chairman, and Tim Hely
Hutchinson, non-executive director.  Michael and Tim joined the Inflexion Board
immediately prior to the flotation in April 2000.

With immediate effect, existing non-executive director, Andrew Shaw has been
appointed as Chairman and Andrew Burns, currently on the Inflexion Advisory
Panel, joins the Board as a non-executive director.

Michael Freeman, outgoing Chairman, commented:

"In the last few months the Company has successfully reached a number of
milestones, and with Tim and I having been directors for the past three and a
half years, we felt that it was time for new appointments.  In Andrew Shaw and
Andrew Burns, Inflexion has the services of two strong non-executive directors".

Andrew Shaw is a Director of British Linen Advisers a corporate finance
boutique.  Prior to joining British Linen, Andrew was Group Finance Director of
Arjo Wiggins Appleton and prior to that a Director in the Investment Banking
Division of Schroders.

Andrew Burns is Finance Director of Luminar Leisure plc and is currently a
member of the Inflexion Advisory Panel.

Simon Turner, Joint CEO of Inflexion, commented;

"We are delighted to welcome Andrew Shaw and Andrew Burns to their new roles on
the Inflexion plc Board.  Their management skills and industry experience will
prove invaluable to us as the Company continues to strengthen its position in
the mid-market.

We would like to thank Michael and Tim for their contributions to the Company
over its developing years and wish them both the best of luck in the future."


                                     -Ends-


For further information, please contact:

Inflexion plc
Simon Turner, Joint CEO                                            020 7487 9888

Citigate Dewe Rogerson
Simon Rigby                                                        020 7638 9571
Freida Davidson


Notes to editors:

Inflexion is a mid-market private equity investor, focused on buy-out and
development capital transactions of proven businesses with enterprise values of
#10m - #50m, primarily in the UK.

Typically, Inflexion makes equity investments in the range of #2m - #10m, in
businesses well positioned in their chosen sector and with the potential to
deliver superior returns.

The Inflexion management team, led by Simon Turner and John Hartz, combines
extensive experience of private equity investing with hands-on commercial
skills. In addition to their experience of private equity investing, members of
the team have successfully run both large and small businesses and have operated
in corporate recovery, corporate finance and consulting.

In the last few months Inflexion has announced the First closing of Inflexion
Fund 2, a UK mid-market buy-out fund, the acquisition of Guinness Flight VCT
advisory contract and the acquisition by Inflexion Private Equity Fund 2 of the
UK cinema operation Ster Century.


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