As a continuation of the integration of Enron Metals into Enron Europe we are 
pleased to announce the following organisational changes which become 
effective immediately.

Tom McKeever, presently Chairman of Enron Metals will move into the role of 
Vice Chairman Enron Europe reporting directly to John Sherriff and Michael 
Brown.  Tom will focus on developing our key senior business relationships 
across all of Enron Europe.

Joe Gold will become President of Enron Metals responsible for the entire 
organization.  We will announce Joe's replacement for managing our trading 
and origination efforts on the Continent in the near future.

Michael Farmer and Michael Hutchinson will continue in their roles managing 
the Metals's Merchanting and Financial Trading businesses respectively.

Please join us in congratulating Tom and Joe on their new roles.

From the Enron Europe Office of the Chairman