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PIC Powershares Dynamic Insurance Portfolio

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Appointment

02/05/2003 8:00am

UK Regulatory


RNS Number:6564K
Pace Micro Technology PLC
02 May 2003

2 May 2003

             Pace Micro Technology plc Chief Executive Appointment


The Board of Pace Micro Technology plc has today announced the appointment of
John Dyson to the position of Chief Executive.  Mr Dyson, currently Acting Chief
Executive, will assume the role with immediate effect.

John Dyson joined Pace in November 1997 as Finance Director.  Before joining
Pace John spent 25 years in the electronics industry, including roles at LSI
Logic, Commodore Corporation and Case Communications plc.  He is also a
Non-executive Director of XP Power plc.

Sir Michael Bett, Chairman of Pace Micro Technology plc said: "We are pleased to
appoint John as Pace's new Chief Executive.  John has played a major role in
Pace's development over the last five and a half years.  Since taking on the
role of Acting Chief Executive in January he has directed a significant
reorganisation and cost-reduction programme.  The Board believes the Company is
now in a good position to take advantage of new business opportunities as they
arise."

Mr Dyson's salary will be #250,000 per annum.  In addition, he is to be granted
options on 500,000 Pace shares.


                                     -ends-


Contacts:

Helen Kettleborough, Pace Micro Technology plc, 01274 538005

Ginny Pulbrook, Citigate Dewe Rogerson, 020 7282 2945



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

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