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Advantage Appoints Deputy Chairman To Board

Auckland - 5 April 2002 - Advantage Group Limited (NZSE: ADV) board chairman Evan Christian today announced the appointment of David Wolfenden to the role of deputy chairman.

"David has made a significant impact since joining the board a year ago and we see him playing a vital role going forward. The appointment means greater responsibilities for him and also signifies the mix of leadership and skills the Advantage board now requires," says Mr. Christian.

"David's financial and management experience is an excellent compliment to my entrepreneurial background and to the skills of the management team. The last 12 months has seen significant changes to the technology market which Advantage has adapted to. David will play an integral part as the company now builds on its strong foundations."

Mr. Wolfenden says he considers Advantage Group to be one of New Zealand's leading technology providers and innovators.

"Advantage, through its divisions, has been making its mark on local and international business with its technology solutions for more than 20 years. There is an impressive history to the company and I relish the opportunity to be part of its future."

David Wolfenden has more than 40 years experience in banking and financial markets. He is the former managing director of Countrywide Banking Corporation. Currently David sits on a number of boards including AMI Insurance Ltd, St Andrews Group Ltd, Strategic Finance Ltd and is chairman of Aotea Centre Board of Management and Inmate Employment Advisory Board.

He is also an independent technical advisor to the Asian Development Bank, the World Bank and the International Monetary Fund.

Mr. Wolfenden's appointment is effective from April 5. He has served on the Advantage Group Board as an independent director for a year.

Advantage Group is a New Zealand based publicly listed company. It is made up of four divisions - Payment Solutions, Retail Automation, Enterprise Solutions and Portable Technology. Each division operates in specialist sectors with all using technology to provide business solutions.


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