Additional Listing

Peel Hldgs PLC
19 November 2001


Peel Holdings plc

Conversion of Convertible Preference Shares

Application has been made for the listing of 38,133 ordinary shares of 25p
each, arising from the exercise of conversion rights to the 5.25% (net)
Convertible Cumulative Non-voting Preference shares of £1 each.

The ordinary shares arising on conversion will rank pari passu with the
existing ordinary shares and listing is expected to take place on 28 November
2001.

19 November 2001

END