Colliers CRE appoints new Chief Financial Officer (UK)

Colliers CRE plc announces that it will be strengthening its board and executive team with the appointment of David Doyle (40) as chief financial officer with effect from 24 August 2006. David will be responsible for all finance, risk management and legal affairs and will partner the Group's chief executive, David Izett, in developing and implementing the Group's strategic plans, including acquisitions.

Tom Tidy, currently finance director and deputy managing director, will, with effect from the same date, assume the role of chief operating officer with responsibility for managing the delivery of the Group's operational infrastructure in support of its growth agenda.

David was most recently chief financial officer and an executive director at Egg plc. From 1996 to 2003, he was at Prudential plc where he was head of corporate finance, with responsibility for all group level mergers, acquisitions, disposals and associated strategic activities. His achievements include leading the NYSE listing and concurrent £200 million US equity raising for Prudential plc.

David holds dual Australian and British citizenship. He qualified as a Chartered Accountant with Arthur Andersen in 1987. He is a Fellow of the Institute of Chartered Accountants in Australia and holds a Bachelor of Business degree from the Royal Melbourne Institute of Technology.

David has no directorships or other matters which are required to be disclosed in accordance with Rule 17 and Schedule 2 of the AIM rules.

Commenting on David's appointment, David Izett, chief executive, said: "This is a particularly exciting time for Colliers CRE as we look to expand our offering, both in our domestic market and internationally. David's expertise and experience will greatly strengthen the executive team and help to drive forward the Group's strategy for growth. I am very much looking forward to working with him."

David Doyle, chief financial officer designate, added: "I am very excited by my appointment to the board of Colliers CRE. It offers a challenging and diverse role at a company which is very much in the growth phase of its development. I look forward to working with the rest of the team in taking Colliers CRE forward."

Source: Colliers CRE

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