RANDOM HOUSE GROUP ANNOUNCES KEY MAJOR CHANGES IN NEW ZEALAND LINE-UP

Michael Moynahan promoted to Chairman

Karen Ferns promoted to Managing Director

The following is the press release from Random House NZ:

The Random House Group has promoted Michael Moynahan to
Chairman, Random House New Zealand.

Karen Ferns, currently Sales and Marketing Director, will take on responsibility for the day to day management of the business, replacing Michael in his current role as
Managing Director.

Michael has been Managing Director, Random House New Zealand since 1999,
during which time his achievements have included a 60% increase in the size of the business, driven largely through growth in local publishing; recruitment and retention of a strong senior management team; and implementation of industry-leading customer service standards which have
resulted in a string of industry awards.

In his role as Chairman, Michael will continue to bring a strategic and international perspective to building the business. In addition to his new responsibilities in New Zealand, Michael will also become Managing Director
of Random House India, providing leadership and strategic direction in the Indian market place. Michael will continue to report to Brian Davies, Managing Director, Overseas Companies, The Random House Group UK.

Since joining Random House in 1999, Karen's achievements have included
delivering significant growth in sales of local and international authors.
She has played a major part in both targeting and integrating acquisitions,
as well as the other strategies which have driven the overall growth of the
Company. Karen will continue to report to Michael.

Brian Davies says: "It is a huge testament to Michael and Karen's abilities
that Random House New Zealand has been nominated for every major industry
award since 1999. These changes will enable us to further leverage their
talents to continue to grow and build our New Zealand business."

Michael Moynahan says: "I am delighted both with my new role and with
Karen's appointment. She has achieved an incredible amount since joining
the company and I believe that with the strong support she will have from
Paul Whittaker, our Finance and Operations Director, and Nicola Legat, our
Publishing Director, Karen is in a great position to take the business
forward."

Karen Ferns says: "We have established a very strong position in New Zealand
and I am looking forward to the challenge of taking the business to the next
level and building upon our past achievements and successes."

And this appeared on Publishers Lunch overnight:

Managing director of Random House New Zealand Michael Moynahan steps up to chairman of that unit, and he becomes managing director of Random House India (established in 2005) as well. RH NZ sales and marketing director Karen Ferns will take over day-to-day management of the division as managing director. Moynahan continues to report to Brian Davies, managing director, overseas companies for Random UK.

Sonny Mehta, whose titles include chairman of Random House India, says in the announcement: "Local Publishing is currently a major focus for Random House India, and as titles such as The Music Room and Great Speeches of Modern India demonstrate, the local list is already achieving both critical and commercial success. Given Michael's strong track record in growing local publishing at Random House New Zealand, I am confident he will give even more impetus to this key area of our Indian business."