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Photoways group appoints Stan Laurent, former AOL Europe Chief Operating Officer, as CEO.

October 2006

Following its successful merger with PhotoBox (April 6, 2006) Photoways Group, European pioneer and leader of the photographic online printing market, confirms its ambitions by appointing Stan Laurent as CEO.

In this role, Stan Laurent will oversee the continued growth and consolidation of the Photoways Group (Photoways) which is forecasting a turnover of ca. €30 million in 2006 and has over 3 million members.

Pierre Chappaz, Chairman of the Board of Photoways Group:

"I am delighted to welcome Stan to Photoways. Stan brings a broad range of both entrepreneurial and corporate experience to lead the company through its next growth phase. We thank Michel de Guilhermier for his excellent management of Photoways for the last 7 years."

Stan brings extensive international internet experience in both start-ups and larger organizations to Photoways. A graduate from Harvard Business School and ESCP, Stan started his career as manager of privatisations in the German Privatisation Agency. As Director for Strategy, Finance and Operations at AOL Bertelsmann in France from 1995 to 1998, he pioneered easy access to the internet for French consumers. He then moved to the online auction company QXL in London where he supervised the company’s European expansion and participated in its Initial Public Offering. Stan then joined AOL Europe in 2002 where he led the German business (ca. €500mn in revenue) into profit, before his promotion to Chief Operating Officer for AOL Europe in early 2006.

Stan commented on his appointment:

"Photoways provides its customers with a range of innovative products and a high quality service in the online photograph printing market. I am fortunate to be working with a highly skilled team, world-class partners and an industry-leading Board of Directors. Together, we will continue to develop the group’s high standards of innovation and quality to reinforce our market leadership in the coming years."

About Photoways Group

Created in 2000, the Photoways Group is a pioneer and leader in the European online photograph printing market. Photoways offers customers in 15 countries a complete online service including printing, storage and sharing of multiple photos, as well as access to its world-leading, innovative photolab technology.

Backed by leading venture capitalists Highland Capital Partners and Index Ventures, the Group also manages the Pixdiscount brand - a site dedicated exclusively to photo printing at unbeatable prices. Since its inception, the company has consistently experienced impressive growth.

For further information please contact Custard PR
+44 (0)20 7494 6588

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