Stmnt re AGM/Dividend

Peel Hldgs PLC
3 September 2001



Peel Holdings p.l.c. - Annual General Meeting and Final Ordinary Dividend

The Company has today despatched its Annual Report and Accounts for the year 
ended 31st March 2001 and written to shareholders concerning the Annual General 
Meeting and proposed final dividend.

The letter informs shareholders that the Board:-

* proposes to delay the Annual General Meeting from 26th September 2001 (the    
  previously announced date) until a date to be announced, and

* has declared a second interim dividend of 10.2p per ordinary share to be paid 
  on 1st October 2001 (the same level of dividend and payment date as for the   
  previously proposed final dividend), and

* will recommend no final ordinary dividend payment in respect of the year ended
  31st March 2001 at the subsequent Annual General Meeting.

The second interim dividend will be paid to ordinary shareholders on the 
register at the close of business on 7th September 2001.

As announced on 3rd August 2001, the Board expects to despatch a circular to 
shareholders concerning the reorganisation proposals towards the end of 
September.