Dr. Jeffrey Gedmin Appointed Chief Executive Officer of the Legatum Institute

Will Lead Initiatives to Promote Liberty and an Expansive Understanding of Global Prosperity

LONDON, January 11, 2011 - The Board of Directors of the Legatum Institute announced
today that Dr. Jeffrey Gedmin has been appointed as the new Chief Executive
Officer of the Legatum Institute, a leading policy think tank. He will assume
the post on 1st March 2011. Dr. Gedmin joins the Institute following nearly
four years as President of Radio Free Europe/Radio Liberty where he directed
broadcasting and operations in almost 30 languages.

Dr. Jeffrey Gedmin said, "The Legatum Institute offers an
unparalleled platform upon which to shape ideas and policy in the world
today. I am honoured to be appointed to this prestigious post and look
forward to leading the Legatum Institute in developing fresh ideas and
translating them into action."

Based in London and global in scope, the Legatum Institute is
an independent, non-partisan think-tank that researches and advocates an
expansive understanding of prosperity. Recognised as one of the UK's leading
think tanks, the Institute recently published the fourth annual Legatum
Prosperity Index, covering 110 countries, which redefines prosperity in terms
of both wealth and well-being and includes factors such as entrepreneurship,
liberty, opportunity, security and overall human flourishing.

Mark Stoleson, CEO of the Legatum Group, said, "We are
delighted to welcome Dr. Gedmin to the Legatum Group. His appointment marks
the next stage of the Legatum Institute's rapidly evolving leadership in
ideas and action relating to global prosperity and human flourishing. With
his extensive international experience, proven thought leadership and
organisational acumen, Dr. Gedmin will shape the ideas and policy
recommendations that will promote global prosperity and its key drivers of
individual liberty, free markets and entrepreneurship."

About the Legatum Institute

The Legatum Institute is an independent, non-partisan think
tank that researches and advocates for an expansive understanding of global
prosperity. Based in London, the Institute encourages the adoption of sound
policies grounded in a holistic understanding of the human person, the wisdom
and prudence of free markets, and a comprehensive approach to international
development. The Institute undertakes original and collaborative research,
publishes scholarly literature and popular distillations, and cultivates a
distinguished group of advisors and fellows. It seeks to assist policymakers,
business leaders, opinion-formers, scholars and the general public in the
adoption of sound ideas and best practices. For more information please visit
www.li.com for the Legatum Institute and www.prosperity.com for
the 2010 Prosperity Index.

About Dr. Jeffrey Gedmin

Before heading Radio Free Europe/Radio Liberty, Dr. Gedmin was
Director of the Aspen Institute Berlin, an independent non-profit and
non-partisan organisation for international affairs and transatlantic
relations. Prior to this, he was a Resident Scholar at the American
Enterprise Institute (AEI) in Washington, D.C. At AEI, Dr. Gedmin also served
as Executive Director of the New Atlantic Initiative, a coalition of top
policymakers, journalists and business executives dedicated to the
revitalisation and expansion of the Atlantic community of democracies. Dr.
Gedmin is a regular columnist for Die Welt. His articles on foreign and
defence issues and US public diplomacy including NATO, US-EU relations,
missile defence, and Balkan security, have appeared in the New York Times,
Washington Post, Wall Street Journal, Weekly Standard, Frankfurter Allgemeine
Zeitung, Süddeutsche Zeitung, Die Zeit, Die Welt, and elsewhere. He is the
author of The Hidden Hand: Gorbachev and the Collapse of East Germany (1992)
and the editor of European Integration and the American Interest (AEI Press,
1997). He was Executive Editor and Producer of the award-winning PBS
television program, The Germans, Portrait of a New Nation. He has taught at
Georgetown University and is an honorary professor at the University of
Konstanz in Germany. He holds a Doctorate in German area studies and
linguistics from Georgetown University, a Master's degree in German area
studies from the American University in Washington, D.C., and a Bachelor of
Arts in music from the same institution.

Media Enquiries

    Alan McCormick,                 Nick Wood,
    Legatum Institute               Media Intelligence Partners
    Telephone: +44-20-7148-5400     Telephone +44-20-3008-8146
    E:                              E:
    alan.mccormick@legatum.com      nickwood@nickwood.demon.co.uk

Alan McCormick, Legatum Institute, Telephone: +44-20-7148-5400, alan.mccormick at legatum.com ; Nick Wood, Media Intelligence Partners, Telephone +44-20-3008-8146, nickwood at nickwood.demon.co.uk