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4th July 2005

Renaud Gasc appointed as General Manager Europe of Lotus Cars

Lotus Cars, the sportscar division of Group Lotus plc, announces the appointment of Mr. Renaud Gasc as General Manager for Europe.

Mr. Gasc (38) is a French national and has extensive international management experience in the automotive industry, firstly with car manufacturer Peugeot, then with car retailer Inchcape and then with Ferrari-Belgium, where he held the position of Managing Director.

Fluent in English and French, Mr Gasc is a graduate in Business Management. He is married with a daughter.

Clive Dopson, Managing Director for Lotus Cars said; "I would like to welcome Renaud to the Lotus family and look forward to his contribution in building the Lotus business throughout Europe. I would also like to thank Chris Arnold, who took on the temporary role of General Manager for Europe over the last 6 months, which he did in addition to heading up Lotus Sport, our performance division. Chris will continue to develop Lotus Sport and deliver more fine and specialist cars along similar lines to the supercharged Lotus Sport Exige 240R and the pure bred sports racer, the Lotus Sport Exige; both of which have already reached legend status."

Renaud Gasc is looking forward to his new challenges, "Mainland Europe is an important market for Lotus and within this territory of 16 countries, we currently sell the multi-award winning Lotus Elise and class leading Lotus Exige.

"I am also looking to build upon the successes of Lotus within the more mature markets within Europe. We have a number of new and exciting products that will be launched over the next few years, including a new mid-engine supercar for the end of 2007. Therefore, we need to strengthen customer service, aftersales support and marketing activities with the help of our dealer network as Lotus embarks upon its planned growth."

Renaud Gasc joined Lotus on 04 July 2005 and will be responsible for all mainland Europe markets, (not including UK and Ireland).