Acquisition

European Motor Hldgs PLC
01 October 2003


EUROPEAN MOTOR HOLDINGS plc ("EMH")


ACQUISITION OF NEW DEALERSHIPS


The Board of EMH is pleased to announce the acquisition on 1 October 2003 of the
business and certain assets of the Land Rover and Jaguar dealerships of The
Dutton-Forshaw Motor Company Limited in Preston.


The property, other fixed assets, stocks and certain liabilities of the
dealerships have been acquired for a net consideration of £4.93 million,
satisfied in cash.  The assets have been acquired at valuation or book value and
the consideration includes a payment for goodwill of £0.65 million.


The management accounts of the dealerships for the year ended 31 December 2002
showed an aggregate profit before taxation of £0.9 million on a combined
turnover of £29.9 million.


The Land Rover dealership is the Group's second franchise for this marque and
has a good geographical fit with the Group's existing Land Rover business in
Chester.  The substantial new Jaguar dealership represents the Group's fifth
Jaguar franchise complementing the Group's existing businesses in Leeds, York,
Harrogate and Doncaster.


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

"The acquisition of these two dealerships is very significant for EMH.  The
expansion of our Premier Automotive Group franchises is part of our declared
strategy for the Group and the location of the new dealerships also represents a
good fit with our other businesses in the North West.  In the last year we have
taken on additional locations with each of our core manufacturer partners - BMW
Group, Premier Automotive Group and Volkswagen Group."


EMH will announce its interim results for the six months ended 31 August 2003 on
16 October.


Enquiries:

Richard Palmer                                   Chief Executive
Ann Wilson                                       Finance Director

European Motor Holdings plc                      01491 413399



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