AGM Statement

Holidaybreak PLC
15 February 2001

                                                              15 February 2001



HOLIDAYBREAK PLC



2001 AGM STATEMENT



2000 was another excellent year for Holidaybreak.  We continued our consistent
record of healthy earnings growth and also broadened the scope of our
activities with several successful acquisitions.  In 2001 these acquisitions
will make a significant contribution to the overall performance of the Group
in what we anticipate will be another year of substantial progress.  At
present, each of our three trading divisions is showing healthy year on year
growth and there is every prospect that the positive trends will continue.



Holidaybreak has a business profile which enables it to benefit from large
market shares of its niche markets - low risk but with good, reliable growth
opportunities.   Current trading reflects this profile.



CAMPING

Bookings for camping and mobile-home holidays have continued to come in well,
in each of the major markets, Holland, Germany and the UK.  Like for like
sales are 5% up on 2000 equivalents with more profitable mobile-homes showing
strong year on year growth. Our main camping brands, Eurocamp and Keycamp,
achieved very creditable ratings in the recently published Holiday Which?
survey of UK tour operators and both have been featured on the BBC Holiday
programme during January.  Currency fluctuations will not affect the outcome
for the year as all our exposures have been covered through forward contracts.



ADVENTURE HOLIDAYS

Sales in our recently acquired adventure businesses, Explore Worldwide and
Regal Holidays, have maintained their momentum since the New Year.  Overall
bookings are 14% up on 2000 equivalents.  We feel that this is a particularly
creditable achievement in view of the changes that both businesses have
undergone over the past twelve months.  One of the most important has been the
appointment of Simon Tobin as the new Managing Director of the Adventure
Division, following his move from Keycamp earlier this year.



Both Explore and Regal have recently received well deserved consumer
accolades.  Explore was rated fourth in the Holiday Which? survey, referred to
previously, and Regal has been voted 'Best Dive Operator' for the fourth year
in succession by the readers of Diver Magazine.



HOTEL BREAKS

Another strong performance from Superbreak and the other brands that make up
our Hotel Breaks division has been particularly encouraging in view of the
rail and weather disruption during the winter months.  Year on year revenues
are 23% ahead and our advance booking figures indicate that the positive
momentum is continuing.  The acquisition of Rainbow in September 2000 has
proved very beneficial and internet sales continue to grow extremely rapidly.
Bookings from overseas markets are also now beginning to make a useful
contribution.



PROSPECTS

All our businesses are trading well, with last year's acquisitions now fully
integrated within the Group.  We also have the finance and management
resources to grow further through acquisition, as and when the opportunities
arise.  I look forward, at the year end, to reporting on the achievement of
further solid growth in profits and dividends.





Angus Crichton-Miller
Chairman