Mr Evans has been appointed for a renewable term of three years beginning on 1 January 2009. He replaces David Shedlarz, who has announced his intention to retire as a Trustee at the end of the year. The appointment of Mr Evans completes the process of replacing three Trustees who will retire and it maintains the appropriate geographical representation of Trustees as required by the Constitution of the IASC Foundation. In November the Trustees announced the appointment of Clemens Boersig, Chairman of the Supervisory Board, Deutsche Bank AG Germany, and Noriaki Shimazaki, Executive Vice-President, Sumimoto Corporation, Japan, as successors to Max Dietrich Kley and Junichi Ujiie respectively.

Mr Evans’s appointment has received the support of the Trustee Appointments Advisory Group, as well as relevant business associations and public authorities within their home countries.

Commenting on the appointment, Gerrit Zalm, Chairman of the Trustees, said:

As primary users of financial statements it is important that investors are well represented across the various bodies and committees of the IASC Foundation and the IASB. Scott is a highly regarded member of the investment community and I look forward to working with him as a fellow Trustee. I should also like to express my thanks to David Shedlarz for the valuable contribution he has made over the last few years.