Unreserved Public Apology

27 Apr 2010

This statement is made by Rebecca Galbraith, former board director of Cohn & Wolfe, following settlement of the proceedings issued against her in the High Court in London by Cohn & Wolfe.

In those proceedings Cohn & Wolfe alleged that Ms Galbraith acted in breach of contract and fiduciary duty by misappropriating proprietary information belonging to Cohn & Wolfe and preparing to actively compete with the agency whilst sitting as a board director.

"Firstly I wish to apologise unreservedly to Cohn & Wolfe and WPP for my actions, but secondly I wish to apologise to the Cohn & Wolfe team in London.

I accept my conduct was in breach of my legal obligations. I acknowledge I removed proprietary information belonging to Cohn & Wolfe but confirm that I did not open or disseminate that information to any third parties.

I can see that Cohn & Wolfe and WPP needed to take legal action against me to protect their legitimate business interests.

I am very sorry for my conduct and hope that with this settlement, compensation payment and unreserved apology I can now put this litigation behind me".