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Cambridge, United Kingdom, 22 June 2001: Cambridge Display Technology (CDT), the inventor and leading developer of light emitting polymer (LEP) technology for flat panel displays and lighting, has appointed Nigel Berry as Chief Financial Officer.

A seasoned financial executive with operating experience in Asia and North America, Berry will be responsible for the management and strategic planning of all corporate financial, investor relations and management information system (MIS) functions for CDT. Joining CDT’s management board he will report to David Fyfe, CEO of CDT and will play a key role in driving the implementation of CDT’s financial and business strategy.

“The appointment of Nigel comes at an important stage for CDT. We have established a solid intellectual property and technology base, have recruited a top-flight management team and have the endorsement of a critical mass of partners in the display world who will launch commercial products containing the CDT technology in the next 12 months. Next year we will also have a $25 million state-of-the-art technology development centre in operation in Godmanchester, UK to drive forward our global commercialization strategy for LEPs”, said David Fyfe, CEO, CDT.

“Nigel’s proven success in managing the finances of growing businesses will be invaluable to driving forward CDT’s global plan and continued success in securing strategic investment,” added Fyfe.

Nigel Berry, newly appointed CFO at CDT said, “CDT is poised for rapid growth and the level of interest it has succeeded in generating is immense. This is a very exiting time to be joining the business, and I look forward to bringing to the company the financial and operational skills necessary to finance and control that growth”.

Berry brings over 20 years financial management experience to CDT. Most recently Berry served as Chief Financial Officer at Rexam Printing where he successfully prepared the company for disposal, whilst also submitting a management buy out offer. Previously, Berry spent a lengthy career with Wassall PLC in the UK and US before taking the position of Chief Operating Officer for Wassall Asia-Pacific based in Singapore. Berry spent his early career with Unipart Plc as Senior Financial Planner and Watson Hawksley Ltd as Finance Director. Educated at Sheffield University, Berry holds a BA in Accounting and Economics and gained his ACA professional accountancy qualification with Coopers & Lybrand in London.

About CDT

Cambridge Display Technology, CDT, is a privately held company that is leading the research, development and commercialization of polymer technology for flat panel displays and lighting. CDT’s light emitting polymer, LEP, technology is targeted for use in a wide range of electronic display products currently used for information management, communications and entertainment. Features include reduced power consumption, size, thickness and weight, very wide viewing angle, superior video imaging performance and the potential to create displays on plastic substrates.

CDT is promoting LEP technology development and speeding its commercialization through a global business strategy including co-developments with leading companies in a wide range of display and related technology areas. Founded in 1994, the company is headquartered in Cambridge, UK. More information about CDT is available on the World Wide Web at http://www.CDTltd.co.uk.

Contact:

Robert Chevez / Rick Miltenberger
Magnet Communications
+1 909 272 1888
rchevez/rmiltenberger@magnetcom.com

Stephen Waddington / Alia Ilyas
Rainier
+44 (0) 20 7494 6570
swaddington/ailyas@rainierco.co.uk



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