Issue of Equity

European Motor Hldgs PLC
26 November 2003



                  European Motor Holdings plc (the "Company")



                               Issue of Equity



The Company announces that on 26 November 2003 it issued and allotted 10,000
ordinary shares of 40 pence each in the Company as a result of the exercise of
options under the Company's 1990 Share Option Scheme.  As a result of this
exercise there are currently 53,418,710 ordinary shares in issue. Application
will be made at the earliest practicable opportunity for admission of the new
ordinary shares to the Official List of the London Stock Exchange.





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