ATECO AUTOMOTIVE PTY LTD Page 1

NEWS RELEASE

ATECO AUTOMOTIVE APPOINTS GROUP FLEET MANAGER TO MAXIMISE SALES ACROSS ITS BRANDS

Ateco Automotive has appointed a Group Fleet and Government Sales Manager so that it has a single point of contact across all of its brands for fleet and government sales and to maximize its ability to offer fleet and government buyers a unique range of cars and light commercial vehicles.

Malcolm Ryan brings to the new role substantial experience in fleet and business sales, as well as dealer operations and distribution. Most recently in his second stint with Ateco he has been in charge of national planning and distribution. He joined Ateco in 2002 as Eastern Regional Manager for Kia, which Ateco had just secured the Kia brand and moved to the new factory-run Kia when Ateco handed it over, as National Sales Operations Manager. Additionally during his 33 year career, Mr Ryan has worked for Chrysler, Mitsubishi and Ford at a national level and for the Alto Dealer Group, as well as Patrick Autocare.

With its Alfa Romeo, Fiat cars and commercials, Citroen cars and commercials, Maserati and Ferrari brands, Ateco offers a unique range of vehicles. On the commercial side, Citroen has the acclaimed Berlingo model, as well as the newly launched Dispatch medium sized van. With Fiat Commercials, this range now includes the Scudo and Ducato models, with a well established range of Australian based companies able offer a remarkable range of fit-out options for not just load carrying but also mobile offices and accommodation. On the car side, Ateco is perfectly positioned for the user-chooser market with a range of cars, wagons and people movers, as well as the ultimate luxury and super cars, that are ideal for incentive packages. With models that are amongst the cleanest and most fuel efficient in the market, with technically advanced diesel solutions, Malcolm Ryan will also be able to offer Government and Fleet buyers packages of vehicles that also meet stringent environmental requirements.

Malcolm Ryan will be based at the Ateco headquarters in Sydney. He is married with one child.

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For further information:
Ric Hull / Edward Rowe
Managing Director / Public Relations Manager
Ateco Automotive Pty Ltd / Ateco Automotive
Ph: (02) 9701 8000 / Ph: (02) 9701 8000
Mob: 0419 722 888 / Mob: 0407 913 244
Fax: (02) 9701 3555 / Fax: (02) 9701 3555
E-mail: / E-mail:

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EJR/ejr/065

10/10/05