AGM Statement

Holidaybreak PLC
10 February 2005


                                HOLIDAYBREAK PLC
                                        
                                   AGM Update


Holidaybreak, the UK's leading operator of specialist holiday businesses, today
held its AGM.

After 18 weeks of the current financial year ending 30 September 2005,
like-for-like sales, compared to the same point in 2004, are higher in two
of our divisions, Hotel Breaks and Adventure, whilst lower in Camping. The
Holidaybreak Group is once again expected to deliver double-digit margins, well
above industry norms, and also generate positive cash.

Sales for Hotel Breaks are 7% ahead of 2004 equivalents whilst Adventure has
consolidated on a very strong start and is 22% higher. In both cases, these
figures exclude the positive impact of the acquisitions announced in December
and referred to below. Our trading reflects continuing consumer trends, which we
have frequently referred to in the past, towards short-break and specialist
holidays. Hotel Breaks is well placed to build on its impressive growth record
of recent years whilst Adventure's very strong trading figures put the division
on course to achieve another excellent performance.

Hotel Breaks and Adventure are the growth markets for the Group. We reinforced
our presence in these sectors in December with the acquisition of BRC (Bookit),
an on-line intermediary for short-stay leisure breaks in the Netherlands, and
Djoser, the leading Dutch 'soft adventure' holiday operator. The newly acquired
businesses are currently being integrated into the Group and, although it is
early stages, are performing in line with management expectations. Both enjoy
high levels of consumer recognition in the Netherlands and are market leaders in
their sectors. They also have strong and committed management teams who will be
staying with their businesses.

These acquisitions are both expected to be earnings enhancing* in the current
year. They have helped accelerate the realignment of the Group's business onto
its high growth markets and this will continue in 2005. Hotel Breaks and
Adventure now represent nearly two-thirds of the Group's activities. We expect
future growth from these two divisions to increase further this proportion in
the medium-term whilst we ensure that Camping generates cash and profits at good
margins.

Camping sales to date are 9% lower than last year. This is in the context of an
11% reduction in the number of mobile homes on our campsites in 2005 and 14%
fewer tents. As bookings trend later, eventual sales are more difficult to
forecast than has been the case in the past. The main overseas operational
costs, which are depreciation and campsite fees, are now largely fixed. As a
consequence, the eventual outturn for the division is sensitive to sales revenue
intake over the remainder of the season. We anticipate achieving operational and
overhead cost reductions in this division of at least £3m compared to 2004.
Divisional management remains focused on stabilising occupancy rates, optimising
yields and maximising Camping's 2005 financial result.

Camping's management team is already looking ahead to 2006. Capacity will once
again be managed to achieve profitable utilisation levels, new e-commerce
distribution channels will be further developed and costs will be subject to
further ongoing rigorous review.

The Tsunami in December affected only our Adventure Division and did not have a
material impact on the group's financial or operational performance. Management
teams at Explore, Djoser and RegalDive reacted rapidly and effectively as events
unfolded on Boxing Day, quickly accounting for all customers and then contacting
close relatives.

To conclude, management in all parts of the business is focused on maximising
yields and optimising distribution, particularly through the internet, which
accounts for over 30% of current Group sales and is growing rapidly. We continue
to develop the business to benefit from consumer trends and have a positive
overall view of prospects for the current year.



*This statement should not be taken to mean that the earnings per share of the
Group will necessarily match or exceed the historical reported earnings per
share of the Group and no forecast is intended or implied.


Enquiries:

Richard Atkinson / Robert Baddeley         Holidaybreak      [phone]
James Hogan / Craig Breheny                Brunswick         [phone]

Note to Editors

Holidaybreak (HBR.L) is listed on the London stock market. The UK's leading
operator of specialist holiday businesses, it sold 2.3m holidays in the 12
business months to end-September. Holidaybreak has three operating divisions:
Hotel Breaks, Adventure Holidays and Camping. Each is a market leader in its
respective specialist sector of the holiday industry, has multi-channel
distribution and is recognised for providing high standards of product and
service quality. In December 2004, Holidaybreak announced the acquisition of two
market leading Dutch holiday businesses, BRC, the on-line intermediary for
short-stay leisure hotel breaks and Djoser, the market leading 'soft adventure'
specialist.

For more information, please go to www.holidaybreak.co.uk.



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