17/10/2007
Green Chemicals plc -
David Norwood new non-executive chairman

GREEN CHEMICALS PLC

("GREEN CHEMICALS" OR THE "COMPANY")

Changes to board of directors; appointment of david norwood as non-executive chairman

green  chemicals  announces  the  following  changes to the board of directors,

which will take effect immediately:

Mr. Richard Farleigh, non-executive chairman and  a  founder-director,  retires

from  the  board  as  does mr. michael underwood, also a non-executive founder-

director of the company.

Mr. David Robert Norwood  (39)  joins the board as a non-executive director and

has been elected its chairman. Mr. Norwood is the founder of IP Group plc, the

UK's  leading  intellectual  property  commercialisation   company,  where he

currently  holds  the  role  of director of special projects. IP Group plc  has

exclusive, long-term partnerships with ten universities in the UK, a portfolio

of  60  spin-out companies, and is currently  valued  at  approximately  GBP310

million.

Prior to  establishing  IP  Group plc, he was chief executive officer of Beeson

Gregory  group plc after the investment  bank  bought  Indexit  Partnership,  a

technology  advisory  boutique, which he founded in 1999.  Mr. Norwood originated

IP Group's groundbreaking GBP20  million  partnership  with the University of

Oxford whilst at Beeson Gregory.

A serial entrepreneur, Mr. Norwood has also enjoyed a career  in finance, having

worked  for  both  Duncan Lawrie and Williams de Broe, where he raised  finance

for, and invested in,  private  and  public  technology companies. He began his

career in the foreign exchange markets, as a trader  with  bankers trust, after

graduating from Keble College, Oxford. He is a former captain  of  the  English

chess team and an International Chess Grand Master.

IP Group  plc,  through its IP Venture Fund & Techtran Group Limited, holds  a

substantial interest  in  the  issued  share  capital  of  green chemicals plc. Mr.

Norwood is also a director of numerous other public and private companies*.

Commenting  on  the  changes, chief executive Dr. Andrew Bayliff  said,  "I  am

delighted to welcome David  Norwood  to the board of green chemicals as its new

chairman. His experience and knowledge of the developing technology sector will

be of great value to the company as it  moves  forward.  I would  also like to

record  the  board's appreciation of Richard Farleigh's and Michael Underwood's

contributions  to  the  formation  of  the  company as Primavera Capital and to

taking  it  public  last  year, and of their support  for  the  acquisition  of

Perachem, which was successfully  completed at the beginning of 2007. David and

I look forward to working together  to  grow  the company and to justifying our

former colleagues' and other shareholders' confidence."

Stephen M. Winston,

Director and Company Secretary,

London, 17th October 2007

* None of the companies of which David Norwood  is or has within the past five

years   been   a  director  has  suffered  an  insolvency   event   (including

receivership,  compulsory   liquidation,   creditors'  voluntary  liquidation,

administration) or has been the object of, or  agreed  to, any form of company

voluntary  arrangement or any composition or arrangement  with  its  creditors

generally or  any  class  thereof,  whilst he has been a director or within 18

months of his ceasing to be a director.