AGM Statement

European Motor Hldgs PLC
21 June 2002



                      EUROPEAN MOTOR HOLDINGS plc ("EMH")



At the Annual General Meeting of EMH held today, Richard Palmer, Chief
Executive, made the following statement:

"Our trading to date this year is ahead of our expectations and ahead of the
same period last year.

Demand for new cars continues to be at record levels and we are very optimistic
about the prospects for this financial year if sales continue at current levels.

As shareholders are aware, our Mercedes-Benz franchises are terminating on 30
June. To date, our negotiations with DaimlerChrysler have been satisfactory and
we will announce the terms that we have agreed as soon as they have been
concluded.

At our last Annual General Meeting we gained permission to buy up to 15% of our
own shares. To date this financial year we have purchased 1,365,000 shares. We
intend to continue with this buyback policy when conditions are appropriate."

Enquiries:
Richard Palmer       Chief Executive                  020 8961 2525
                     European Motor Holdings plc
Ann Wilson           Finance Director                 020 8961 2525
                     European Motor Holdings plc




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