Mosaic Fashions, the parent company of eight successful design led fashion brands; Coast, Karen Millen, Oasis, Odille, Principles, Shoe Studio, Warehouse and Whistles, today announces the appointment of Mike Shearwood as Deputy CEO, Mosaic Fashions Ltd. Following the completion of the acquisition of Rubicon Retail in September 2006, which significantly increased the size and brand portfolio of the business, the Board of Mosaic Fashions identified the need to enlarge and strengthen the senior management team. For the past seven years, Mike Shearwood has been the Managing Director of the Inditex group of brands in the UK and Ireland. With previous experience in optical retailing, Mike's varied background and strong operational experience will be a welcome addition to the business. Mike will assume responsibility for Oasis, Principles and Warehouse. He will be appointed to the Corporate Board, reporting to Derek Lovelock, CEO of Mosaic Fashions. Commenting on the appointment, Derek Lovelock said “I am extremely pleased to be welcoming Mike as he joins the team at Mosaic. Over the last few years we have seen an extraordinary change to the Group, not only through acquisitions but also through the domestic and international growth of the business. Mike brings exceptional industry knowledge and operational expertise that will be important as we look to the next stage of development for the business.” Further Information For further information please contact the company's Investor Relations Manager, Jessica Wilks on +44 20 7452 1122 or Gavin Anderson (Fergus Wylie/Clotilde Gros +44 207 554 1400) Information on Mosaic Fashions hf is available on the company website at www.mosaic-fashions.is or www.mosaic-fashions.co.uk Mosaic Fashions hf is the parent company of eight successful design led fashion brands; Coast, Karen Millen, Oasis, Odille, Principles, Shoe Studio, Warehouse and Whistles. It operates 1,891 stores and concessions, mainly in the UK and Ireland, but also in the rest of Europe and the USA. It has 183 franchise stores in 31 countries worldwide, and 52 department store concessions in China through a joint venture. The group employs over 13,000 employees. The company is listed on OMX.