Acquisition

European Motor Hldgs PLC
05 February 2003


EUROPEAN MOTOR HOLDINGS plc ("EMH")


ACQUISITION OF NEW DEALERSHIP


European Motor Holdings, consistently one of the UK's most profitable motor
retail groups, is pleased to announce the acquisition on 4 February 2003 of the
business and certain assets of the Stockton BMW dealership of the Arriva group.


The property, other fixed assets and stocks of the dealership, which trades
under the name Preston Hall, have been acquired for a consideration of £7.4
million, satisfied in cash.  The assets have been acquired at valuation or book
value and the consideration includes a payment for goodwill of £2.0 million.


During the year ended 31 December 2001, the latest year for which audited
accounts are available, the Preston Hall dealership made a profit before
taxation of £0.9 million on a turnover of £25.2 million.


This is the fourth BMW dealership for the Group, and has a strategic
geographical fit with its existing dealerships in York, Malton and Sunderland.
It completes a significant market area for this marque.


Commenting on the acquisition, Richard Palmer, Chief Executive of EMH, said:

"The acquisition of Preston Hall is very significant for EMH.  The opportunity
to acquire a BMW dealership of this size rarely occurs and we are therefore
delighted to be able to announce this acquisition today.  Additionally, this
acquisition represents significant progress in the task of replacing the
earnings that were lost when we disposed of our Mercedes-Benz businesses in
2002."



Enquiries:


Richard Palmer                      Chief Executive
Ann Wilson                          Finance Director

European Motor Holdings plc         01491 413399




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