23-Nov 2006

BOARD ANNOUNCEMENT

Taking effect from the 30th November 2006, Ian, the grandson of the Group's founder will be stepping down as Non-Executive Group President.

Ian joined GSH in 1954 becoming Chairman and Managing Director in 1982. In June 2004, prior to the flotation, Ian became Non-Executive Group President.

Speaking of his decision, Ian said: "It is now over 50 years since I started working at GSH. I have seen the business grow from a small local firm to where we are today; an AIM listed international Group employing over 1,500 people. It is now time for me to retire from the Board and I wish them every success for the future."