A1GP APPOINTS NEW CHIEF EXECUTIVE OFFICER

teamcar -A1GP World Cup of Motorsport is pleased to announce the appointment of Pete da Silva as Chief Executive Officer of A1 Holdings Ltd, the company behind the FIA-sanctioned, international motorsport series.

Da Silva joins A1GP in January 2007 from his current position as Group CEO, Siemens in South Africa. He will take overall responsibility for the day-to-day running of the series, overseeing its future growth and development with particular attention to the company's forthcoming IPO.

Commenting on his new appointment, da Silva said: 'I am looking forward to further developing the many accomplishments of A1GP as it expands into new markets, forges new commercial partnerships and develops as a business. A1GP has created a unique product in motorsport that delivers an outstanding entertainment package so for me, this is a great opportunity to combine my business experience with a personal passion for the sport.'

On behalf of A1GP, deputy chairman Tony Teixeira commented: 'Pete da Silva has extensive experience in business development and I believe he will be a great asset to the series, significantly contributing to its future as we work to maintain and strengthen our position in both the motorsport and business arenas.'