Arrowpoint Technologies Plc

August 26, 2011 10:32 ET

Appointment of Manu Mazumdar as President of Arrowpoint Technologies Inc.

                                                                                        26 August 2011
                                      Arrowpoint Technologies Plc
                                    ("Arrowpoint" or the "Company")
               Appointment of Manu Mazumdar as President of Arrowpoint Technologies Inc.
The  Directors  of  Arrowpoint  are pleased to announce that on August 22,  2011,  Manu  Mazumdar  was
appointed  as President of the Company's wholly owned US subsidiary, Arrowpoint Technologies  Inc.  In
this  capacity,  Manu will be responsible for the management of Arrowpoint's US based  operations,  as
well  as  for  ensuring effective co-operation between the US business and Arrowpoint's operations  in
Chennai,  India. The Directors believe that Manu's successful track record in business development  at
various fortune 500 companies will allow him to lead Arrowpoint through its next stage of growth.
Prior  to  joining Arrowpoint, Manu was the Chief Operating Officer at Beneco where he led a  complete
business  transformation, growing the company from $296 million in Assets Under  Management  (AUM)  to
$500  million in AUM over a period of two years.  Manu also has experience in strategic and  executive
leadership  roles  at  companies  including  Fidelity, Vanguard  and  MassMutual.   At  MassMutual  (a
significant client of the Company's subsidiary Lynchval Systems Worldwide, Inc.), Manu was responsible
for  the complete turnaround of the Pension and Actuarial Business and was credited for his innovative
strategies, including leading the development of DB Online, a fully automated calculation  system  for
projecting benefits.

Manu  is one of the leading authorities in the Defined Benefit Pension industry and is often consulted
by the US Congress on matters related to Pension Reform and Actuarial legislative issues.

Manu  will  report  to  group Chief Executive Officer, Mr. Santanu Nandy and  will  be  based  in  the
Company's office at Chantilly, Virginia.

The Directors of Arrowpoint are responsible for the contents of this announcement.

Contact details:

Arrowpoint Technologies Plc                         
Santanu Nandy, Group Managing Director                                                +91 22 2598 5900

St Helens Capital Partners LLP                      
Mark Anwyl or Duncan Vasey                                                         +44 (0)20 7368 6959

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