Final Results

Premier Management Holdings PLC
16 July 2001

                     PREMIER MANAGEMENT HOLDINGS PLC

               ('Premier Management Holdings' or 'the Company')





            PRELIMINARY RESULTS FOR THE PERIOD ENDED 30 APRIL 2001



HIGHLIGHTS


Period ended 30 April*                                            2001



Turnover                                                        £934,000
Profit before tax                                                £76,000
Earnings per share                                                0.45p

* for the period from 15th March 2000 to 30th April 2001





-         Turnover and profit above projected budget against background of
          transfer market uncertainty



-         Establishment of a number of complimentary profit centres

-         Acquisition of Mickey Walsh's business

-         Fully installed in new premises in the City of London

-         Trading since year end satisfactory

-         3 year player management deal signed with major Portugese club,
          Vitoria Setubal





For further information contact:



Stuart Lucas (Chairman)
Premier Management Holdings plc                                 020 7456 0490



Richard Evans
Brewin Dolphin Securities Limited                               0161 214 5553



Barry Gold (MD)
Premier Management Holdings plc                                 0207 456 0490





                             CHAIRMAN'S STATEMENT



I am delighted in our first accounts, to be able to report to shareholders a
turnover above our budget and a profit versus a projected small loss. This
creditable result has been achieved against a difficult background for much of
the period, as the EC, UEFA and FIFA laboured over a review of the transfer
system, bringing transfer activity virtually to a standstill.

For the period from 15th March 2000 to 30th April 2001, pre-tax profits were £
76K on a turnover of £934K and as the year came to an end it arrived with a
refreshing increase in activity, both for ourselves, and the transfer market
generally. This level of activity has been maintained during the first part of
the current financial year, which has started well, with an agreement being
reached with Vitoria Setubal, one of the most famous Clubs in Portugal for the
Company to represent the Club for an initial period of three years on player
transfer dealings both inwards and outwards. The Company will receive a
commission on all player sales.

In terms of personnel, we have acquired the business of Mickey Walsh, the
former Blackpool, Everton, QPR and Porto player who has brought his business
and FIFA licence into the Company. The introduction of his players, coupled
with his excellent contacts in Ireland, where he was an International player
for many years, and in Portugal, where he played and managed for nine years,
will greatly enhance the Company's range of activities. Not only was he a
major participant in the agreement with Vitoria Setubal, but, as a result of
his involvement, we have already carried out a number of transfers to and from
Portugal.

In addition, the player representation team has been further strengthened by
the appointments of Sjoerd Postuma, Anthony McFarlane and David Leadbeater,
all of whom have played professionally, and have been able to introduce
players to the Company.

Both Mr Postuma and Mr McFarlane unfortunately had to retire from professional
football through injury; Mr Postuma having represented the Netherlands at both
U18 and U17 levels, and Mr McFarlane after six years at West Ham. Mr Postuma
has a degree in Economics and Management, and is fluent in several languages
and has greatly increased the Company's spread of operation in Holland and
Northern Europe.

Mr McFarlane has a wide contact base amongst young players in the United
Kingdom, and a number of these young players, are now managed by the Company.

Mr Leadbeater, who is also a part time scout at Middlesbrough Football Club,
has been instrumental in a large number of quality players coming to be
represented by the Company, and his wide contacts throughout the game,have
been a real boon.

The original idea that the Company would invest alongside Clubs on player
transfers, has been greatly expanded, and a number of innovative solutions
have been applied hopefully helping both Club, player and the Company.

Basically the Company advances money against shares in a young player's future
transfer value, and this innovative method of financing allows Football Clubs
to retain their players for longer periods, such that they receive a higher
transfer fee when the player moves on, and enables the player to realise some
of his potential whilst playing for the 1st team, rather than sitting on the
bench, or playing for the reserves at a Club at a higher level. So far as the
Company is concerned, if the right players are selected, substantial capital
gains over the medium term should be achieved where these players achieve
their full potential.

The Company is now fully installed in its new premises at 50 Liverpool Street,
and has an on-field and desk-top scouting network that is used by many
professional clubs who find it more economical to ask the Company to source
players for them, than to employ a team of scouts themselves. The Company has
more than a dozen Consultants who provide scouting and other information on
players, the majority of which are paid on a results only basis.

The Company has established a number of complimentary profit centres, and
these include:

The original player management business which is run by Billy Jennings. His
team includes Messrs. Leadbeater, McFarlane, Postuma and Clive Hart, a sport
and media graduate who has been with the company from its early days and has
also introduced a number of players to the Company.

The player investment division, which is primarily the responsibility of Barry
Gold with assistance from Billy Jennings, and Mickey Walsh. Investments in the
future transfer value of players is currently £2M world wide with a number of
further investments currently under review.

The third profit centre is the outsourcing by Clubs of player management, such
as the contract entered into with Vitoria Setubal, and where two further
examples are currently under discussion. This area is likely to grow quite
rapidly, and the initial contract has already been adapted for two other
propositions.

Other innovative proposals are in the pipeline, and in one case, under
discussion as it is being prepared. The aim is to use the Capital Markets to
create new methods of financing Clubs and players, and to roll them out as a
profit stream for the future.

I mentioned in my interim statement we hoped to expand the range of services
we provide by associating with a suitable Financial Services business, and I
am pleased to announce that we have concluded an arrangement with Benson
McGarvey Limited, who have been subsequently acquired by the Kingsbridge
Group. We have also appointed a full time employee to handle the promotional
and endorsement opportunities for the players we represent. We are currently
negotiating an arrangement to represent some of the World's leading squash
players, and we will further extend our areas of representation, if the
appropriate opportunity occurs.

As I indicated above, trading since the end of the year has been satisfactory,
and everybody at the Company is very excited about the future. I would like to
thank everybody at the Company for their hard work, which has given us a
future to be excited about.



Stuart Lucas
Chairman
13 July 2001





PROFIT AND LOSS ACCOUNT
For the period ended 30 April 2001




                                                              Note         2001

                                                                          £'000

Turnover                                                                    934

Cost of sales                                                              (75)

Gross profit                                                                859


Administrative expenses                                                   (868)

Operating loss                                                              (9)

Interest receivable                                                          85

Profit on ordinary activities before taxation                                76
Taxation                                                        2             -

Profit on ordinary activities after taxation                                 76

Dividends                                                       3             -



Retained profit for the financial period                                     76



Earnings per share                                              4         Pence

Basic and diluted earnings per ordinary share                              0.45






The profit and loss has been prepared on the basis that all operations are
continuing operations.



There were no recognised gains or losses other than the profit for the period.






BALANCE SHEET
As at 30 April 2001


                                                         Group          Company
                                                          2001             2001
                                                         £'000            £'000
Intangible assets
Goodwill                                                   164                -

Fixed assets
  Tangible assets                                          204              195
  Investments                                              394              479
                                                           598              674
Current assets
  Debtors                                                  727              736
  Cash at bank and in hand                               1,012            1,012
                                                         1,739            1,748

Creditors: amounts falling due within one year            (91)            (127)

Net current assets                                       1,648            1,621

Total assets less current liabilities                    2,410            2,295

Creditors: amounts falling due over one year              (38)             (28)

Total assets less liabilities                            2,372            2,267

Capital and reserves
  Called up share capital                                  200              200
  Share premium account                                  2,096            2,096
  Profit and loss account                                   76             (29)

Equity shareholders' funds                               2,372            2,267




CONSOLIDATED CASH FLOW STATEMENT
For the period ended 30 April 2001


                                                               Note        2001

                                                                          £'000

Net cash movement from operating activities                     5         (712)

Returns on investments
  Interest received                                                          85

Capital expenditure
  Payments to acquire tangible assets                                     (179)

Management of liquid resources
  Fixed asset investments                                                 (394)

Financing
  Issue of ordinary share capital                                         2,600
  Cost of share issue                                                     (304)
  Investment in Subsidiary                                                 (85)
Net cash inflow from financing                                            2,211

Movement in cash and cash equivalents                           6         1,011







NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2001

1.Basis of Preparation

The preliminary announcement has been prepared in accordance with applicable
accounting standards and under the historical cost convention.

2.Taxation

There is no charge to corporation tax for the period nor has any provision
been made for deferred taxation due to the availability of losses. Accumulated
tax losses have not been recognised as deferred tax assets.



3. Dividends

No dividend is proposed for the period ended 30 April 2001.



4. Earnings per share

The calculation of the basic earnings per share is based on the profit on
ordinary activities after taxation and on the weighted average number of
ordinary shares in issue during the period.



The calculation of diluted earnings per share is based on the basic earnings
per share adjusted to allow for the issue of shares on the assumed conversion
of all options.



Reconciliation of the earnings and weighted average number of shares used in
the calculations are set out below:-




                          Earnings per    Weighted average number of   Earnings
                             share                  shares
                              £'000                                    (pence)
Basic profit per share         76                 16,606,324             0.45
Dilutive effect of             76                 16,721,138             0.45
options





5.Reconciliation of operating loss to net cash movement from operating
activities


                                                                           2001
                                                                          £'000

Operating loss                                                              (9)
Depreciation                                                                 43
Amortisation                                                                 18
Movement in debtors                                                       (632)
Movement in creditors                                                     (132)

Net cash movement from operating activities                               (712)



6. Analysis of changes in cash and cash equivalents during the period

                                    Cash Flow Movements            30 April 2001
                                         £'000                            £'000

                                                                          
Net cash:
                Cash at bank                      1,012                   1,012
                Bank overdraft                      (1)                     (1)
Net funds                                         1,011                   1,011