Amsterdam, NETHERLANDS - Madge Networks N.V. (NASDAQ: MADGF), a worldwide supplier of data, video and voice networking solutions, has announced the promotion of Chris Bradley, 38, to the role of chief financial officer, further strengthening the company’s senior management team. As CFO, Chris oversees all aspects of financial management at Madge Networks as well as being responsible for legal and administrative functions.

In his previous position as Madge’s vice president of finance, Chris held responsibility for financial operations across the company including financial control and reporting, financial planning, tax and treasury. This included overseeing all the financial aspects of the company’s acquisition of telecommunications carrier Gains International in February 1999.

Prior to joining Madge as finance director in 1996, Chris spent seven years with global telecommunications giant, Nortel, where he amassed a wealth of experience including joint ventures and acquisition activity in the telecoms sector. His roles at Nortel included financial director for Nortel World Trade, where he was responsible for a division consisting of ten, separate international business units and with revenues topping US$4 billion. Previous roles included director of financial planning for the Nortel Group, as well as complete financial responsibility for PBX manufacturing worldwide.

Prior to Nortel, Chris held financial management positions with the Hearst Corporation subsidiary COMAG, Digital Equipment and 3M.

Robert Madge, chairman and CEO of Madge Networks comments: "I am very pleased to announce the appointment of Chris Bradley to chief financial officer. His in-depth financial management expertise, coupled with his international business experience in the telecommunications and networking sectors will provide an invaluable contribution to steering the company’s growth plan.”

About Madge Networks

Founded in 1986, Madge Networks (NASDAQ: MADGF) is a worldwide supplier of advanced networking solutions and services. With special expertise in Token Ring, video networking and managed network services, the company is focusing on the needs of enterprise users who are considering the deployment of applications over IP (Internet Protocol) – towards the goal of high-reliability IP-based networks which handle simultaneous data, video and voice traffic. Madge’s main business centers are located at Wexham Springs, United Kingdom and Eatontown, New Jersey. Madge Networks N.V., a company organized under the laws of the Netherlands, is the parent company of Madge Networks. Information about Madge's complete range of products and services can be accessed on the World Wide Web at http://www.madge.com.