NINEMSN APPOINTS CFO AND STRATEGY DIRECTOR

Friday, September 10, 2010
Sydney, Australia, Friday 10th September 2010: ninemsn CEO Joe Pollard today announced that Alex Stewart has been appointed to the new role of Chief Financial Officer and Strategy Director.

Stewart is a well known and respected leader in the industry having been at Microsoft since 1996, where he most recently held the position of General Manager Consumer & Online for Australia and New Zealand.

Stewart is a highly experienced digital executive spending time in both in Australia and the US in regional and local roles. During his time at Microsoft, he had roles spanning product strategy, marketing, advertising sales and business operations. He also spent some time in the ninemsn business between 2000 and 2003 as Director of Business Operations.

He will report to Joe Pollard and will be responsible for managing the strategy, business development, M&A, research, finance and legal functions of ninemsn.

ninemsn CEO Joe Pollard said: "There is enormous opportunity to expand our existing businesses and move into new sectors of the digital market . Alex has passion for digital media, a wealth of experience and a deep understanding of our business. I am extremely excited to be making this appointment."

Commenting on his new role, Alex Stewart said: "ninemsn is a market leader in an incredibly dynamic industry and I'm delighted to be taking what I consider to be one of the most exciting digital roles in Australia. I look forward to working closely with Joe and the executive team to further build the ninemsn business."

Prior to joining Microsoft, Stewart was a management consultant with Bain & Company in the US. He began his career with the LEK Partnership in Sydney as an associate consultant before moving to the US to becoming a business planning consultant with the Center for Technology Transfer at the University of Pennsylvania.

Stewart will join ninemsn on October 11th.

– ENDS –