JANUARY 7, 2002

Rick Gorne joins Lola Cars

FORMER Reynard director Rick Gorne is to join Lola Cars International Ltd. with immediate effect, as a Consultant and adviser in Business Development.

David Bowes, the Managing Director of Lola, in welcoming Rick to Lola, said "At Lola, we have had a healthy respect for Rick's talents over a long and competitive period. So I am delighted that he has decided to join us as we continue to grow and to develop new markets for the company. Over the past four years, Lola Cars International Ltd. has grown four-fold in turnover and in numbers of employees, each with a specialist skill. Having Rick Gorne join the team here on a long-term basis, affords us new possibilities in many fields. He will be working with the existing team, here in Europe and around the world."

In expanding upon the role which Rick Gorne will be fulfilling, Lola's Group Sales and Marketing chief, Christopher Tate, said "Rick Gorne will consult to us in several key areas of business development. The first is that of the step below F3000 (in which Lola already has the 3-year contract)."

"Lola wants to re-enter Formula Three internationally, when market circumstances permit. Rick has succeeded famously in this market before. Another key area is in developing country markets, where one-make and training single seat formulae are the growth area for the next five years."