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New MD for VTR plc

9 May 2005

The board of VTR plc has announced the appointment of Paul Tracey as its new managing director. Formerly corporate development director at VTR plc, Tracey takes up the helm following the retirement of founder, John Banks. The appointment, which is effective immediately, will see Tracey head up the Soho-based media services group, including principal operating divisions, VTR, blue and TMR.

“I’m delighted to succeed John in this role,” said Tracey. “He’s done a remarkable job in building VTR into the force it is today. The VTR Group is now the home for some of the best talent, facilities and clients in the industry. The management team will be working hard to ensure that the group delivers full value to our shareholders, clients and staff over the coming months and years.”

Tracey has worked with VTR for over 12 years. After starting his career in law and finance, he went on to form The AV Department, which was acquired by the VTR group and ultimately became blue post-production. Subsequent roles within the group have included managing director of The Machine Room (now TMR) and AMG (now the hive). Tracey has been a member of the VTR board since 1995.

About VTR Media Services
VTR Media Services is part of the publicly quoted VTR plc, one of Europe’s top media services groups. Based in the heart of Soho its three divisions - VTR, blue and TMR - span the media spectrum and can handle any size or type of post-production project – from a commercial, promo, title sequence or TV series to a feature film, DVD and multimedia website.

The group is involved in all aspects of film and television post-production -including high-end digital effects work and editing for cinema, television commercials, broadcast promos and programming, 2D and 3D animation and pop promos. The division also provides specialist services such as sound design and mixing and film restoration.

The group’s digital media services team designs, builds and implements online interactive communications solutions for a wide variety of clients. Its portfolio includes digital content management systems, encoding, website design, website hosting, DVD authoring and graphics.

About TMR
Established in 1991, TMR has over 14 years’ experience of providing specialist restoration, digitisation, DVD authoring and telecine to the film, television, corporate and entertainment markets. It offers clients both highly experienced operators with cutting edge technology and film specialists with over 100 years of experience between them.

Within TMR there are two key divisions. TMR is the archive and restoration specialist, providing a full suite of optical and digital video and film restoration services at either SD or HD resolutions. It also includes the UK’s only traditional film treatment centre, as well as full feature film mastering and duplication facilities.

TMR Digital (formerly Clipstream) provides full DVD authoring and encoding facilities to media companies. It also reaches out into the wider corporate and blue chip market through its design, build and integration of customised digital asset management and website services.

Clients include bfi, IWM, TWI, Pathé, Shed, HIT Entertainment, Sanctuary Records, Sony BMG, BBC Worldwide, BUFVC, British Movietone News, Getty Images and Walt Disney.

Please visit www.themachineroom.co.uk for more information.

For further information, images or to arrange interviews please contact:

Rob Ettridgeor Maria Ogunlaja at Red Lorry Yellow Lorry
Tel: +44 (0) 20 7434 2950
Email: robe@rlyl.co.uk or mariao@rlyl.co.uk