Jagex Appoints PayPal CEO to Accelerate International Growth


CAMBRIDGE, England, October 23 /PRNewswire/ --

- New CEO Geoff Iddison will Drive the Continued Growth of RuneScape and
Bring New Online Games to Market

Jagex Ltd, the online games developer, announced that Geoff Iddison, the
former European CEO of PayPal, has joined the company as CEO. Iddison has
extensive experience in leading international e-commerce-based businesses.

Iddison takes over from Constant Tedder, who will remain on the board of
Directors. Iddison held the position of CEO of eBay-owned payments business
PayPal Europe Ltd from August 2003, having originally led the first expansion
of PayPal from its base in California. Geoff joined eBay in 2000 from
Christies Inc. where he held the role of COO.

"I am very excited about joining Jagex. The company has built an amazing
international playing community through the RuneScape game. The technology
used to distribute the game and the incredible depth offered to anyone
playing RuneScape makes Jagex a very different gaming company," said Iddison.
"Jagex's mantra is to offer fun, meticulously written and deep
storyline-driven online games, at a price which offers unmatched value for
money. This will continue to be the basis of the future strategy for the
company."

RuneScape has over 6 million regular players worldwide. The browser-based
game has attracted popularity across the globe with strong subscriber
communities in the United States, United Kingdom, Canada, Australia and
Scandinavia. In addition, Jagex recently launched a new German-language of
RuneScape, packed with the same number of features that have made the
English-language version so widely popular.

"I am delighted that Geoff has joined us. His track record in e-commerce
will definitely help us achieve our next level of goals," said Andrew Gower,
Founder and Head of Game Development. "I, like the rest of Jagex, am excited
about how Geoff will lead the business. There are many exciting projects in
the pipeline and we can't wait to further improve our service and the games
we offer."

About Jagex Ltd

Jagex Ltd is an independent developer and publisher of online games
headquartered in Cambridge, England, with over 400 employees. With
proprietary graphics compression, game engine and network communication
technologies; Jagex has proved its effectiveness with its most popular
browser based game, RuneScape, with over 6 million active players of the
game.

Press Contact:

    Niall O'Malley
    Jagex Ltd
    Head of Corporate Communications
    press@jagex.com

© PR Newswire Association LLC.

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