Following the acquisition in March 2008 of Optare Holdings Limited by Jamesstan Investments Limited, a Company controlled by Roy Stanley, a restructuring has taken place and the position of Managing Director of Optare Holdings Limited has been made redundant.  A mutually amicable agreement has now been reached with Bob Coombes who wishes to express his appreciation to all his staff and colleagues at Optare for the support he received during his five years as Managing Director.

 The Company wishes Bob every success in his future career and sincerely thanks him for his significant contribution to the advancement of Optare as a leading manufacturer within the European Bus and Coach industry.

For further information please contact:

Martin Hayes, Communications Advisor                                     0207 494 8050