Disposal

European Motor Hldgs PLC 04 October 2004 EUROPEAN MOTOR HOLDINGS plc ("EMH") DISPOSAL EMH is pleased to announce the disposal of the assets of the Ocean car wash venture to IMO, a national retail car wash operator. The cash consideration for these assets was £1.2 million, giving rise to a profit on disposal of £0.1 million. In the year ended 29 February 2004 this business sustained a loss before tax of £0.2 million. This business represented a minor part of the Group's Motor Services Division and leaves management free to concentrate on the Division's core business of the sale and maintenance of vehicle washing equipment. EMH will announce its interim results for the six months ended 31 August 2004 on 19 October 2004. This information is provided by RNS The company news service from the London Stock Exchange
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