Change to Viterra Board: Mike Clements Promoted to CEO; Hilmar Fink Promoted to President; CEO Ralf Moysig Returns to Germany to Pursue Other Opportunities.

SAN DIEGO -- Viterra Energy Services, the global leader in the consumption-based metering and billing of energy and water, announces several changes to its top management. Ralf Moysig, CEO of Viterra U.S., is returning to Germany to pursue other opportunities. Mike Clements, former president of Viterra, has been promoted to CEO and Hilmar Fink, former COO/CIO, has been promoted to president.

Moysig joined Viterra in Germany in 1992 as business development manager for western and northern Europe, and in 1994 was promoted to head of international business development. During his first six years at Viterra, Moysig was responsible for the start-up of 13 Viterra entities in Asia and Europe. Ralf came to Viterra U.S. in 1998 and led a two-pronged strategy that included an aggressive acquisition initiative as well as a strong focus on organic growth, resulting in Viterra becoming the largest submetering company in the U.S., with revenues exceeding $30 million.

According to Moysig, "It has been an incredible 12 years for me at Viterra. During the last six years in the U.S., I was able to see the company undergo tremendous growth in an emerging market to become the national leader in submetering, with nearly 750,000 billing units under contract. I am sad to leave Viterra and the U.S., but it's the right time for me to go back to Germany and pursue other opportunities. When I return to Germany, I will assume the position of CEO for an international steel product trading company in Duisburg. I have had a wonderful time with the company and in the U.S., and I wish my colleagues Mike Clements and Hilmar Fink the best of luck."

Mike Clements, who has been a Viterra board member for four years, will assume Ralf's duties as CEO. Clements joined Viterra Energy Services in 1998 as national technical manager and developed the Technical Field operation for the East Coast and Texas/Central. One year later he was promoted to vice president East Coast and assigned as a board member of Viterra. Subsequently he was promoted to president.

"I have had the pleasure of serving on the Board of Viterra with Ralf for the past four years. We experienced many great achievements during that time and have led the company through substantial growth. I appreciate Ralf's leadership in support of our company's mission, and I will strive to carry forward the legacy of success that he built throughout his career with Viterra," said Clements.

Hilmar Fink, Viterra board member and COO since 2002, came from Viterra's European Operations, where he wore two executive hats: vice president in headquarters in Essen, Germany, and board member and COO of Viterra's Operations in Gladbeck, Germany. Hilmar joined Viterra in 1996 and has served in various management functions in several countries.

According to Fink, "Ralf's accomplishments with Viterra in the U.S. are too many to count, but I think his biggest achievement was leading Viterra through the acquisition of four companies and combining them into one strong, leading energy services provider. He also led the company through a change in ownership when Viterra was purchased by CVC Capital Partners in 2003. He is a well-liked, respected leader of Viterra, and he will be missed by many.

About Viterra

Viterra Energy Services is the market leader for the submetering and billing of water and energy consumption for more than 10 million homes worldwide and 750,000 in the U.S. Viterra has operations in 28 countries, including the U.S., Germany, China and Scandinavia. The services offered to property managers, homeowners and energy utilities include the supply and installation of meters, metering and consumption-based billing and the collection of ancillary payments. With over 100 years of experience and approximately 3,700 employees, Viterra achieved revenues of nearly $500 million in 2002.