Chairman's AGM Statement

Holidaybreak PLC
9 February 2000

                                      
                               HOLIDAYBREAK plc
                                       
                                 AGM STATEMENT 
                                      
We enjoyed a most successful 1999 and are confident that Holidaybreak will
make further progress in the current year. Our Hotel Breaks division continues
to perform strongly and, despite booking volumes to date for Camping holidays
being behind last year's equivalents, underlying indicators are positive.  In
line with our desire to diversify the Holidaybreak Group's activities we
continue to seek suitable acquisition targets within the holiday sector and
are currently assessing various opportunities which may fit our criteria.

Combined booking volumes for Eurocamp and Keycamp, our two main Camping
brands, are 8% below comparable 1999 levels.  This is primarily a reflection
of a weak overseas holiday market in the UK during the important January
booking period.  Nevertheless, sales values have been very strong.  In
contrast to many overseas operators we have not been drawn into discounting
and we do not believe that this will be necessary, to any significant extent.
We have also experienced an atypical seasonal booking pattern.  Importantly,
low season occupancy is healthy whilst we have more prime peak season capacity
on offer than is normal at this stage in the booking cycle.  We invariably
experience strong excess demand for this period.

The outlook for Hotel Breaks is extremely positive.   Revenue intake to date
is 23% up on last year and demand remains buoyant.  Three particular
highlights this year have been increased market share in the retail travel
trade, very strong demand for high value theatre inclusive packages and the
rapid growth of internet bookings since this facility went on-line in October
1999.

I look forward, at the year end, to reporting a continuation of the very solid
progress achieved by the Holidaybreak Group during recent years.


Angus Crichton-Miller
Chairman