Suspension

Peel Hldgs PLC
12 August 2004


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF
AMERICA, CANADA, AUSTRALIA, JAPAN, REPUBLIC OF IRELAND OR SOUTH AFRICA

12 August 2004

FOR IMMEDIATE RELEASE

Peel Holdings p.l.c. ('Peel')
Suspension of Shares

The Board of Peel announces that, following a request made to the London Stock
Exchange yesterday on behalf of Peel, Peel's Ordinary Shares have been suspended
from trading on AIM with immediate effect. The request was made in relation to
the offer by Peel Acquisitions Limited to buy-out the minority shareholdings in
Peel by way of a scheme of arrangement pursuant to section 425 of the Companies
Act 1985.

The suspension of the Ordinary Shares from trading on AIM is required to
facilitate a share capital reorganisation which is to be effected prior to the
final court hearing in relation to the Scheme and details of which were provided
to Shareholders in the scheme circular posted to Shareholders on 30 June 2004.

A further announcement will be made following the outcome of the final Court
Hearing which is due to be heard on Monday 16 August 2004.

Defined terms used in this announcement have the same meaning as in the circular
posted to Shareholders on 30 June 2004.

Enquiries:

Peel Holdings p.l.c. Telephone: [phone]
Peter Scott

N M Rothschild & Sons Limited Telephone: [phone]
Richard Bailey/ Andrew Thomas

The Directors of Peel Holdings p.l.c accept responsibility for the information
contained in this announcement. To the best of knowledge and belief of the
Directors, who have taken all reasonable care to ensure such is the case, the
information contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such information.

N M Rothschild & Sons Limited is acting for Peel Holdings p.l.c and no one else
in connection with the possible transaction and will not be responsible to
anyone other than Peel Holdings p.l.c for providing the protections afforded to
clients of N M Rothschild & Sons Limited or for providing advice in relation to
the possible transaction.


                      This information is provided by RNS
            The company news service from the London Stock Exchange