Michael Meulengracht, CEO, has chosen to seek new challenges outside Fibertex and will leave his position at 31 December 2007. 

The day-to-day management of Fibertex will be handled by Mikael Staal Axelsen, General Manager, Jørgen Bech Madsen, General Manager, and Ole Houmann, CFO, who will report to Jens Bjerg Sørensen, CEO of Schouw & Co.

Yours sincerely
Aktieselskabet Schouw & Co. 

On behalf of the company  
Jørn Ankær Thomsen          Jens Bjerg Sørensen
Chairman                               Chief Executive Officer      

Questions relating to the above should be directed to Jens