Chief Executive's Statement

European Motor Hldgs PLC
23 June 2000


                    EUROPEAN MOTOR HOLDINGS plc ('EMH')

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

'At the time we announced the preliminary results in April, we referred to the
uncertainty surrounding our Motor Retail businesses as a result of the
Government's Inquiry into New Cars.  On 12 June, a draft Order was published
by the Department of Trade and Industry setting out the Government's
requirements in respect of certain aspects of the trading relationship between
manufacturers and dealers.  Interested parties have until 14 July to respond
to the draft Order and, as yet, we have received no indication of how
manufacturers intend to react.

The uncertainties surrounding new car pricing have therefore continued and,
whilst certain manufacturers have responded to this situation by providing
sales incentives to help us continue to sell new vehicles, we believe that
many customers are continuing to defer their new car purchases in the
expectation of a reduction in list prices.  We continue to believe that if
prices are reduced, demand for new cars will show major growth.

Whilst our performance in this financial period is slightly ahead of our
budget, it is below last year, principally as a result of the damaging impact
of the uncertainty surrounding our Motor Retail businesses.

We remain in a difficult trading environment, but we are continuing to perform
well in the circumstances.'

All the resolutions proposed by EMH at today's Annual General Meeting have
been passed by shareholders.

Press enquiries:

Richard Palmer, Chief Executive, European Motor Holdings plc     020 8961 2525
Ann Wilson, Finance Director, European Motor Holdings plc        020 8961 2525
Zoe Biddick/Shane Dolan, Biddick Associates                      020 7464 4280