Trading Statement

European Motor Hldgs PLC
21 August 2003


EUROPEAN MOTOR HOLDINGS plc ("EMH")

TRADING UPDATE

EMH is pleased to confirm that trading within the Group has been satisfactory in
the financial year to date.  The Group  can also look forward to a very strong
September performance where orders for September delivery are currently ahead of
last year on a like for like basis.

EMH has been negotiating with HM Customs & Excise in respect of issues arising
from recent changes in VAT case law.   Confirmation has recently been received
from HM Customs & Excise that the Group's retrospective claims in respect of
these changes have been agreed in principle, although the quantum of recovery is
yet to be confirmed.  Final confirmation is hoped to be received before the end
of this financial year and the amounts receivable are expected to be material to
the Group.

EMH's interim results for the six months ending 31 August 2003 are due to be
announced in mid October.






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