Board Changes

Montpellier Group PLC
03 October 2003





                              MONTPELLIER GROUP PLC
                        ('Montpellier' of the 'Company')
                                        
                                  Board Changes

Montpellier announces that Roger Feast, Chief Executive of its Construction
Division has resigned from the Board with immediate effect, in order to pursue
the acquisition from Montpellier of four of its smaller non-core construction
businesses. A further announcement outlining the details of this arrangement
will be made in due course.

Montpellier also announces that John Gaffney and Philip Underwood, Managing
Directors of two of Montpellier's leading construction businesses, Bullock
Construction Limited and VHE Construction Plc respectively, have been appointed
to the Board of Montpellier with immediate effect.

Paul Sellars, Group Managing Director of Montpellier, together with Mr Gaffney
and Mr Underwood will assume responsibility for the Construction Division in
addition to his other executive responsibilities.

On 16 September 2003, Montpellier announced that an agreement had been entered
into with Browallia International BV  ('BBV') and Browallia Discount Company
Limited ('Browallia'), its principal shareholders, regarding the terms on which,
subject to the approval of its shareholders, the business and asset of the
Investment Division of Montpellier will be  transferred to Browallia, and BBV
will offer to sell 20 million ordinary shares in Montpellier back to
Montpellier.  As a result of this transaction, the Company is now wholly focused
on its core construction and property businesses.

Copies of the Circular despatched on 24 September 2003 convening the
extraordinary general meeting to approve the  transaction are available from
Montpellier's registered office, 39 Cornhill, London EC3V 3NU, free of charge
during  normal business hours on any weekday (Saturdays and public holidays
excepted) from 24 September for one month.

Commenting on these Board changes, Paul Sellars, Group Managing Director, said:

'I am most pleased to welcome John and Philip to the Board. Their extensive 
experience and knowledge of the industry will prove to be a great asset for the 
Company.

'With the sale of our Investment Division I will have a great deal more capacity 
to concentrate on the day to day running of our core businesses, and look 
forward to working more closely with them in the future.

'I would like to thank Roger for his contribution to the Company.'

                                                                  3 October 2003



Enquiries:

Montpellier Group plc                                Tel: [phone]
Paul Sellars, Group Managing Director

College Hill                                         Tel: [phone]
Matthew Gregorowski







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