Further Re: Administration

Leeds Group PLC
19 March 2004


                       UK LISTING AUTHORITY ANNOUNCEMENT
                    ADMINISTRATORS SELL LEEDS UNITED AFC LTD
                                 19 MARCH 2004

On 19 March 2004, Garry Wilson and Alan Bloom, both Partners in Ernst & Young
LLP, and Brendan Guilfoyle of The P&A Partnership were appointed as Joint
Administrators of Leeds United Plc, and Leeds United Holdings Limited, a
subsidiary company.

Leeds United Plc is the ultimate parent company for a number of subsidiary
companies (together 'the Group') including Leeds United AFC Limited, which
operates the football club. For the avoidance of doubt, Leeds United AFC Limited
has not entered Administration proceedings.

Following an extensive period of marketing the Group for sale and negotiating
with key creditors and potential acquirers, it became clear that there were no
parties considering an investment into the Group which would have resulted in
the survival of Leeds United Plc. Negotiations have now been concluded and Leeds
United AFC Limited together with other Group assets were sold by the Joint
Administrators immediately upon appointment to Adulant Force Limited - a company
set up by a Yorkshire based consortium to execute the transaction - for an
undisclosed sum. The sale has been agreed with the support of the Group's major
creditors.

Consistent with the Board's various announcements since December 2003, there
will be no return to shareholders of Leeds United Plc.

Leeds United AFC Limited (ie the Football Club), the Elland Road stadium and the
Thorp Arch training grounds are now owned and operated by Adulant Force Limited.

Further information for shareholders will shortly be available on www.luplc.com
and a recorded message is available on 0113 298 2499.


For further Information
Ernst and Young Media Relations 020 7951 5000

Information Website www.luplc.com




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