Tellermate Announces Appointment of New Group Managing Director

Tellermate Announces Appointment of New Group Managing Director Tim Cooper to drive Tellermate's global growth strategy Cardiff, UK, 29 May, 2003 - Tellermate Group, a leading provider of cash management systems for the retail and financial industries, announces the appointment of Tim Cooper to the newly created position of Group Managing Director. In this role, Cooper will propel Tellermate's aggressive growth plan. Cooper brings over twenty years of international business development experience to Tellermate and is familiar with the push and pull dynamics of multinational organisations. Prior to joining Tellermate, Cooper served as Group Managing Director of £140mn turnover Avery Berkel, one of the world's leading suppliers of weighing systems and solutions for the industrial and retail markets. Before that, he served as Director of International Operations. Commenting on Cooper's appointment, Edgar Biss, Tellermate Chairman & CEO, stated "We are fortunate at Tellermate to be able to attract the right talent and leadership to fuel our continued growth. With the extension of our cash management solutions and expansion into new market sectors, Cooper shares a common commitment to Tellermate customers around the world to continually deliver value and return on investment." "In a hard economy, tighter cash management and every percentage point of return is vital. I am excited to be involved in a business which is providing innovative and intelligent methods to improve profitability of its customers' cash operations. Moving into new market sectors with the latest applications, Tellermate is well-positioned for significant growth," comments Cooper. Cooper is based at the Group's headquarters in Cardiff, UK. About Tellermate Group Tellermate Group, a leading provider of cash management systems for the retail and financial industries, has more than 165,000 systems in use in over 30 countries. Tellermate systems increase the profits of cash intensive businesses by verifying the correctness of cash transactions, deterring fraud and creating management information and opportunity. Banking, retail and food service customers include Barclays, HSBC, Boots, Safeway, McDonald's and Burger King. A proud, four-time recipient of the Queen's Awards for International Trade and Technology, Tellermate Group is headquartered in Cardiff, UK and has regional HQ offices in Atlanta, Paris, Tokyo and Johannesburg. For more information, visit www.tellermate.com or call +44 (0) 8707 87 70 77. ### ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/05/29/20030529BIT00060/wkr0001.doc http://www.waymaker.net/bitonline/2003/05/29/20030529BIT00060/wkr0002.pdf