Appointment of non-executive Director

3i Group plc announces the appointment of Mr Richard Meddings as a non-executive Director of the Company with effect from 1 September 2008.

Richard Meddings has been Group Finance Director of Standard Chartered PLC since November 2006, having joined the Board of Standard Chartered PLC as a Group Executive Director in November 2002. He is also a member of the Governing Council of the International Chamber of Commerce, United Kingdom.

Previous appointments include Chief Operating Officer, Barclays Private Clients, Group Financial Controller at Barclays PLC and Group Finance Director of Woolwich PLC before the acquisition of Woolwich PLC by Barclays PLC.

He is a member of the Institute of Chartered Accountants in England and Wales.

Baroness Hogg, Chairman of 3i Group plc, said:

"We are delighted that Richard Meddings has agreed to join the Board of 3i Group plc. He brings valued and relevant knowledge and experience to 3i gained during his career in banking and finance, including extensive experience across Asia, Africa and the Middle East."

There are no other matters to disclose in accordance with paragraph 9.6.13R of the FSA''s Listing Rules.

For further information, contact:

Rachel Richards
3i Press Office
 020 7975 3573

About 3i
3i is a world leader in private equity. We focus on Buyouts, Growth Capital, Infrastructure and Quoted Private Equity ("QPE") and invest across Europe, North America and Asia. Our competitive advantage comes from our international network and the strength and breadth of our business relationships. These underpin the value that we deliver to our portfolio and to our shareholders.

Back to top