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New director for Foster's Board

Melbourne, 03 February 2004

Foster's Group Limited (Foster's) today announced the appointment of Mr M.G (Max) Ould to the Board of Directors.

Mr Ould retired in July 2003 as Managing Director and Chief Executive Officer of National Foods Limited completing a distinguished 38-year career working for a number of Australian consumer goods companies.

Prior to joining National Foods in June 1996, Mr Ould was the Chief Executive Officer of Pacific Dunlop's Peters Foods Division and prior to that, Managing Director of the East Asiatic Company.

Mr Ould is also currently a Director of The Australian Gas Light Company and Pacific Brands Limited.

The Chairman of Foster's, Mr Frank Swan, said, "On behalf of shareholders I am very pleased to welcome Mr Ould to the Foster's Board during this dynamic period in the company's history."

"Mr Ould led National Foods to become the most successful dairy industry company in Australia, prior to his retirement last year. He also brings extensive experience in farming and agriculture-based industries, excellent fast moving consumer goods marketing experience and sound business financial credentials to the Board," he said.