JDR CABLE SYSTEMS NAMES PAUL GAHM EXECUTIVE VICE PRESIDENT – OIL & GAS DIVISION

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Houston, USA – 16 August 2005 – JDR Cables Systems LTD.

Paul T. Gahm has been appointed Executive Vice President, Sales & Marketing, worldwide. The announcement was made by Patrick Phelan, Managing Director, JDR Oil & Gas Division. ” Paul, as an executive and director of this division, will bring enormous added value to our clients with his integral role in the sales and marketing of our current products and, most importantly, his contribution to our present growth into new and larger products, which has commenced.”

Formerly Sales & Marketing Manager for Oceaneering Multiflex, Gahm is a 30-year veteran in the offshore oil & gas industry, with emphasis in subsea umbilical markets in North America, the North Sea and Far East/Asia Pacific regions.

“We at JDR are extremely fortunate to have Paul on board as part of the executive team. Paul’s background and extensive experience in subsea production umbilicals is ideally suited, and timely, to provide added insight and leadership as we begin the next phase of growth in our Oil & Gas Division, said Pat Herbert, Chief Executive Officer, JDR Cable Systems(Holdings)Ltd

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