Mergers, Acquisitions and Financial Results

Wananchi Online has finally merged with ISP Kenya and The Board of  Directors reports the following changes to its structure as well as  changes to the management structure, as the company prepares for its  intended Initial Public Offering. Njeri Rionge steps down as CEO at the end of June 2006, but remains  on the Board of Directors.

James Gachui remains the Chairman of the board, while Sandeep  Mangat and Hamish Govani join Njeri Rionge, Joseph Kamau and Subash  Handa as Directors on the board. There will be further changes to the  board as the Company continues to enhance its Corporate Governance  structures which will be announced in due course.

Joseph Mucheru, the Strategy and Business Development Director and Co- founder is now the acting CEO. He is also the current Chairman of the  Telecommunications Service Providers Association of Kenya (TESPOK)  and has been instrumental in providing strategic input in ICT policy  and regulations both at Wananchi Online and the Industry as a whole.

Sandeep Mangat and Hamish Govani, who were executive Directors of ISP  Kenya, join Wananchi Online as the Corporate Sales Director and  Projects Director, respectively and both bring a wealth of industry  experience on Internet based communications for Corporates to  compliment the current retail solutions provided by Wananchi Online.