DI.. Kurt Meyer                       Mag. Gerhard Starsich

29 April 2008, Vienna – Today, the Austrian Mint’s Supervisory Board announced that effective July 16th Kurt Meyer will become the President and Master of the Mint. In so doing he succeeds Dietmar Spranz who has led the Mint since 1998 and now enters retirement.

Born 1948 in Bavaria, Germany, Meyer graduated from university with a degree in engineering and later became a consultant with a Swiss management consulting company. He first came to the Austrian Mint in 1988 as an advisor and participated in its privatisation and restructuring. In 1992 he was appointed Member of the Executive Board and has been in the position of Deputy CEO since 2003. In addition to his duties at the Mint, Meyer is member of the Supervisory Board at GSA – Geldservice Austria and also at OeBS – the Austrian Banknote Printing Works. For OeBS he was acting CEO in 2004 and 2005. As well, he is a member of the Management Committee of the precious metals refinery, Argor-Heraeus SA in Switzerland.

“It’s a tremendous honor and privilege to be the appointed to this position,” commented Meyer. “The history of our organization spans more than 8 centuries and I look forward to the opportunity to continue building on our heritage of producing quality coins, both circulating and in precious metals. We are very proud of our long term record of achievements and successes both at home and around the world.”

Also effective July 16th Gerhard Starsich joins the Austrian Mint as a new Member of the Executive Board. General administration, corporate finance, accounting and consumer sales will report directly to Mr. Starsich.

Starsich earned his Masters Degree in 1986 at the University of Economics and Business Administration in Vienna and in 1991 joined the Oesterreichische Nationalbank (OeNB), Austria’s Central Bank. From 1994 to 1997 he was Head of Controlling and Organization of the European Monetary Institute (EMI) in Frankfurt am Main, which was responsible for preparing the operations of the European Central Bank. In 2002, based on his involvement in strategic planning for payment systems at the OeNB, Starsich was appointed Managing Director of the company APSS – Austrian Payment Systems Services. Since 2006 he has been Managing Director of Austria Card, a company producing payment and identity cards.

Starsich is also eager to begin work in his new position. “Coming from the Austrian Central Bank I’m already well aware of the Mint’s foremost reputation for quality products. I welcome the artistic and creative challenge of developing coins that tell stories about our nation’s history. Events that at the same time are worthy of being immortalized on our nation’s coins. I look forward to the opportunity of strengthening our leading role in a manner that builds on our excellent presence in the global market.”