Cyrus Jilla Named as New CEO of Element Six



    ASCOT, England, July 25 /CNW/ - The Board of Element Six SA, an
independently managed joint venture between De Beers SA (majority shareholder)
and Umicore SA, today announced that Christian Hultner, the CEO of Element
Six, will leave the company on September 30th 2008 and has named Cyrus Jilla
as the new CEO effective October 1st 2008. Christian Hultner will remain on
the Element Six Board as non-executive director.
    Mr. Jonathan Oppenheimer, non-executive chairman in recognising Christian
Hultner's substantial contribution to Element Six, over his eight years of
service, said, "During Christian Hultner's tenure, he has led Element Six
through a period of transformation, establishing the company as the undisputed
market leader in supermaterials, outperforming all its peers, and creating a
company with excellent long-term growth prospects."
    Prior to joining Element Six, incoming CEO Cyrus Jilla has spent most of
his career with Bain & Company, the global business consultants, most recently
as Managing Partner of their London office. He is an acknowledged expert in
strategy & company transformations and has strong mergers & acquisitions
experience. Cyrus has advised De Beers and the Element Six management since
1999, and he has served as a non-executive director of Element Six since 2003.
Previously, Cyrus worked for Schroders plc, the investment bank. Cyrus will
also join the De Beers SA Executive Committee.
    On Cyrus Jilla's appointment, Mr. Oppenheimer went on to say, "We are
truly delighted that Cyrus has accepted the role as CEO of Element Six. With
his service as a non-executive director, Cyrus already has an in-depth
knowledge of the business. Cyrus brings extensive strategic and leadership
capability that will be invaluable to Element Six in meeting the challenges of
the future."
    Mr. Jilla commented, "I am very excited about the future of Element Six
and honoured to have the opportunity to lead such a successful business and
talented management team. Element Six has highly dedicated people, close
customer partnerships, world beating technology, and an excellent track record
of growth. I look forward to continuing all our important relationships and to
facilitate a seamless transition with Christian. Hopefully, we will continue
to drive rapid growth from the strong foundations that Christian and the team
have built."





For further information:

For further information: John Caldwell, Corporate Communications
Manager, Element Six Ltd, Tel: +353-61-460015

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ELEMENT SIX LTD

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