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Optare PLC

11 March 2015

Optare plc

("Optare" or the "Company")

Appointment of Chief Financial Officer

Optare is pleased to announce the appointment of Hariharan Krishnamurthi as Chief Financial Officer.

For seven years prior to joining Optare, Mr Krishnamurthi was Chief Financial Officer and Company Secretary of the joint venture between Ashok Leyland and Nissan Motors of Japan. In this role, Mr. Krishnamurthi was responsible for setting up the finance systems and processes for enabling the achievement of key business objectives.

Mr Krishnamurthi has been working with Ashok Leyland since 1996. He has handled all areas of finance including project management, management accounting, budgeting, costing and investor relations.

Enrico Vassallo, Chief Executive of Optare commented:-

"Mr Krishnamurthi brings a wealth of financial and leadership experience to Optare."

Mr. Krishnamurthi commented:-

"I look forward to working at Optare, and have always believed that change represents both a challenge and an opportunity. I believe that as a team we can achieve our key business objectives."

For further information, please contact:

   Optare plc:                         Tel: +44 (0) 8434 873 200 

Abhijit Mukhopadhyay, Company Secretary

   Cenkos Securities plc:   Tel: +44 (0) 20 7397 8900 

Stephen Keys/Callum Davidson

This information is provided by RNS

The company news service from the London Stock Exchange

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