AGM Statement

Holidaybreak PLC
10 February 2004

For Immediate Release                                         10th February 2004


                            AGM Chairman's Statement

Each of our three trading divisions has recorded good levels of year on year
sales growth since the Christmas period.  Nevertheless, demand for overseas
holidays remains uncertain and the trend to later bookings continues to make
confident forecasting difficult.

CAMPING
We have been encouraged by the recent performance of our two main Camping
businesses, Eurocamp and Keycamp, as against the mainstream overseas summer
holiday markets where sales continue to be sluggish.  For the year to 30th
September 2004, sales are now in a better position than when we announced our
Preliminary Results on 4th December 2003.  At that time, the cumulative position
was 20% lower year on year and this figure has now reduced to 12% down.
Following the absorption of the Eurosites mobile-home fleet into Eurocamp and
Keycamp, overall capacity will be 9% lower than in 2003.

HOTEL BREAKS
Hotel Breaks has maintained its rapid rate of growth with a number of record
trading days.  Year on year sales for 2004 as a whole are 37% above the 2003
equivalent.  The new Beach Breaks programme has made a promising start after its
launch in November 2003 and our position as official accommodation provider for
the high profile Visit London campaign, a major publicly funded promotional
initiative, has increased already strong demand for short breaks in the capital.

ADVENTURE HOLIDAYS
Adventure Holidays have enjoyed a strong January as bookings for Easter and the
summer holiday period have gathered pace.  Sales for the rest of the year are
20% ahead with our most recent product introductions, Explore Cycle and Explore
Beyond, which were both launched in the New Year, attracting good levels of
interest.  Year on year sales for the division are now 10% up on 2003, tour load
factors have held up well and, on departed tours to date, have been better than
last year.

GROUP PROSPECTS
Hotel Breaks is set for another very good year and we anticipate a significantly
improved performance from Adventure.  Camping experienced a slow start to the
booking season in the final quarter of 2003.  This, together with the continuing
market uncertainties and later booking trends, means that the business still
faces a major task in the coming months.

We aim to increase earnings in line with the rates of growth achieved in the
years before 2003, to reduce debt through further cash generation and to
maintain our progressive dividend policy.  To achieve all these objectives in
full remains a challenging prospect but we maintain a positive view for the year
and look forward to providing a further update on bookings and trading at the
time of our Interim Results announcement which is expected to be released on
19th May 2004.

BOARD CHANGES
Matthew Cheetham, the new Managing Director of our Camping Division, joined
Holidaybreak from MyTravel Group plc on 26th January.  He will be appointed to
the Board of Holidaybreak at the conclusion of today's Annual General Meeting.
Also today, Jim Crew is retiring from his Board position and as Camping Division
Managing Director.  Jim will remain available for consultation for the remainder
of the current year.  I thank him for a tremendous contribution to Holidaybreak
since he first joined the company in 1989.  We wish him well in the future.


Robert Ayling
Chairman



For further information, please contact:

Holidaybreak
Richard Atkinson, CEO                                   01606 787100
Bob Baddeley                                            01606 787101

Buchanan Communications
Tim Anderson                                            020 7466 5000


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