The annual Personality of the Year awards recognise the political and business leaders around the world who have been the most proactive, dynamic and innovative in securing foreign investment and improving the business environments of their jurisdictions.

Mr Hain, who serves as Secretary of State for Northern Ireland and Wales, caught the magazine's eye with his recent efforts to bring Indian company ICICI OneSource to Northern Ireland, creating 1000 jobs. In its August/September 2006 issue announcing the award winners, fDi noted his active involvement in securing investment projects and his knack for helping close FDI deals.

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Receiving the award, Mr Hain commented: "In Northern Ireland we have a cluster of excellence that is fast becoming a prime investment centre. What companies investing there know is that, in addition to the sound commercial reasons, they are also making a contribution to healing ancient divisions in Northern Ireland."

In being named a Personality of the Year for 2006, Mr Hain joins the ranks of such previous honourees as Mexican President Vicente Fox, Brazilian President Luis Inácio Lula da Silva and Mayor of Seoul Lee Myung-bak.

The 2006 regional winners included: Patrick Ramiaramanana, Mayor of Antananarivo, Madagascar (Africa); Dato Seri Rafidah Aziz, Minister of International Trade and Industry, Malaysia (Asia); Leo Starkman, Minister of Investment, Honduras (Latin America); Mohamed Alabbar, chairman of Emaar, United Arab Emirates (Middle East); and Dalton McGuinty, Premier of Ontario (North America and Global Winner).

Foreign Direct Investment Magazine

Published bimonthly, fDi magazine is the premier publication for the business of globalisation. With a circulation of nearly 15,000 people, mainly senior-level executives at multinational corporations, fDi reports on the issues and developments that corporate executives must consider when making international investment decisions.

Financial Times Business

fDi magazine is published by Financial Times Business, the specialist publishing arm of the FT Group. Financial Times Business publishes over 15 institutional and retail finance titles, including fDi, The Banker, Investors Chronicle, Money Management, Financial Adviser, FT Mandate, Pensions Management and Pensions Week.

www.ftbusiness.com

For more information:

Courtney Fingar

Editor, fDi

Tel: +44 20 7382 8019

Email: Courtney.Fingar@FT.com

Website: www.fdimagazine.com