Final Results

Premier Management Holdings PLC
10 September 2002

For release at 7:30am on Tuesday 10 September 2002

PREMIER MANAGEMENT HOLDINGS PLC

Statement of results for the year ended 30 April 2002


Key points

•         Turnover up 80 per cent. to £1,683,000 (2001: £934,000)

•         Operating profit of £285,000 (2001: £9,000 operating loss)

•         Current year has started well despite difficulties and changes in the
          football market place

•         Current portfolio of players exceeds 300

•         Still seeking businesses to add to the Group that bring in quality
          income producers, quality players and are earnings enhancing

Chairman, Stuart Lucas said,

'It is still too early to assess the impact of the new transfer window system in
the UK.  We believe that the new system will make it harder for the smaller
agents to operate, particularly if the regime is subsequently extended to
domestic transfers in the Nationwide League.  Unlike some football agencies,
Premier is not solely reliant on moving players between clubs and the original
strategy and objectives of the business remain intact.  Your Board remains
cautiously optimistic that its innovative strategy and dedicated, hard-working
team will enable the Group to continue to progress.'

Further enquiries:

Barry Gold (Premier Management) - 0207 456 0490

Stuart Lucas (Premier Management) - 0207 456 0490

Richard Evans (Brewin Dolphin Securities) - 0161 214 5553


Chairman's Statement

I am pleased to report good progress during the year ended 30 April 2002, in
building a leading football representation agency.  Turnover has increased 80
per cent. to £1,683,000 (2001: £934,000), producing an operating profit of
£285,000 (2001: £9,000 operating loss).  Whilst these results include a
contribution from Andrew Mills, who joined the Premier team during the year,
they do not include the benefit of the acquisition of Mark Curtis's Sports
Player Management Limited, which was acquired on the last day of the financial
year.  After net interest payable and the amortisation of finance costs of the
convertible bond, the Group produced a profit on ordinary activities before
taxation of £18,000 (2001: £76,000).  In line with the policy of retaining
earnings to fund the growth of the Group, no dividend will be payable.

The world of football has experienced some significant changes over the past
year and the Group's continuing progress in this environment has been
particularly pleasing.  Your Board believe that the Group's strategic focus on
innovation and young talent leave it well positioned to progress in changing
circumstances in its market place.

The collapse of ITV Digital caused severe disruption in the Nationwide League.
Our first thought was that this should not impact on the Premier League, but it
has since become clear that even the largest clubs are becoming more cautious.
Since the World Cup the financial problems faced by some UK football clubs have
been placed in the wider context of the greater financial malaise that is
affecting equivalent leagues across Europe.

Against this difficult background the current financial year has started well
and we continue to do our share of deals both in this country and abroad.  After
the World Cup we moved J. J. Akocha, the Nigerian captain, to Bolton Wanderers
and we have continued to increase the number of quality young players, many of
them internationals, that we represent.  We have also made a profit on the
Group's first realisation of an investment when Paulo Ferreira was transferred
from Vittorio Setubal to Porto in June.

It is still too early to assess the impact of the new transfer window system in
the UK.  The first window, which applied to the Premier League and other
equivalent leagues in Europe, ended on 31 August.  We believe that the new
system will make it harder for the smaller agents to operate, particularly if
the regime is subsequently extended to domestic transfers in the Nationwide
League.

Unlike some football agencies, Premier is not solely reliant on moving players
between clubs and the original strategy and objectives of the business remain
intact.  We continue to try and represent the best young and established players
and provide them with a service that will encourage them not only to stay with
us, but to recommend Premier to their colleagues.   The current portfolio of
players exceeds 300.

We are still on the look out for businesses to add to the Group that bring in
quality income producers, quality players and are earnings enhancing, and we
remain more than satisfied with the four acquisitions we have made to date that
have been seamlessly integrated into the Group.

In conclusion the Premier business remains sound in a challenging environment.
Your Board remains cautiously optimistic that its innovative strategy and
dedicated, hard-working team will enable the Group to continue to progress.

Stuart Lucas
10 September 2002




Consolidated profit and loss account
for the year ended 30 April 2002
                                                                                2002             2001
                                                                                £'000            £'000

Turnover                                                                        1,683            934
Cost of sales                                                                   -                (75)
Gross profit                                                                    1,683            859
Administrative expenses

Exchange loss on convertible loan stock                                         (3)              -
Other administrative expenses                                                   (1,395)          (868)
Operating profit                                                                285              (9)
Interest receivable                                                             73               85
Interest payable                                                                (191)            -
Amortisation of finance costs                                                   (149)            -
Profit on ordinary activities before taxation                                   18               76
Taxation                                                                        (25)             -
Profit on ordinary activities after taxation                                    (7)              76
Dividends                                                                       -                -
Transfer from share premium account
 relating to amortisation of finance costs                                      149              -
Retained profit for year                                                        142              76

Earnings per share
Basic earnings per ordinary share                                               (0.03)p          0.45p
Adjusted for amortisation of finance costs                                      0.70p            0.45p
Diluted earnings per ordinary share                                             0.71p            0.45p



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

There were no recognised gains or losses not dealt with through the profit and
loss account.



Consolidated balance sheet
as at 30 April 2002
                                              Group            Group            Company          Company
                                              2002             2001             2002             2001
                                              £'000            £'000            £'000            £'000
Fixed Assets
Intangible assets                             3,729            164              132              -
Tangible assets                               186              204              172              195
Investments                                   3,045            394              6,871            479
                                              6,960            762              7,175            674
Current assets
Debtors                                       2,168            727              1,737            736
Cash at bank and in hand                      1,320            1,012            1,176            1,012
                                              3,488            1,739            2,913            1,748
Creditors:
amounts falling due within one year           (1,515)          (91)             (1,242)          (127)
Net current assets                            1,973            1,648            1,671            1,621

Total assets less current liabilities         8,933            2,410            8,846            2,295
Creditors:
amounts falling due over one year             (5,603)          (38)             (5,603)          (28)

Total assets less liabilities                 3,330            2,372            3,243            2,267

Capital and reserves
Called up share capital                       244              200              244              200
Share premium account                         2,868            2,096            2,868            2096
Profit and loss account                       218              76               131              (29)
Equity shareholders' funds                    3,330            2,372            3,243            2,267




Consolidated cash flow statement
for the year ended 30 April 2002
                                                                                2002             2001
                                                                                £'000            £'000

Net cash movement from operating activities                                     (148)            (714)

Returns on investments and servicing of finance
Interest received                                                               73               85
Interest paid                                                                   (191)            -
                                                                                (118)            85

Taxation paid                                                                   (7)              (7)

Capital expenditure
Payments to acquire intangible assets                                           (133)            -
Receipts on disposal of tangible assets                                         4                -
Payments to acquire tangible assets                                             (30)             (140)
Payments to acquire investments                                                 (2,447)          (394)
                                                                                (2,606)          (534)
Acquisitions and disposals
Payments to acquire subsidiary undertakings                                     (982)            -

Net cash outflow before management of liquid resources                          (3,861)          (1,170)
Management of liquid resources
Short term deposits                                                             (186)            (750)
Net cash outflow before financing                                               (4,047)          (1,920)

Financing
Convertible debt                                                                4,343            -
Issue of ordinary share capital                                                 -                2,211
Capital element of finance lease rental payments                                (22)             (30)
Purchase of own shares by ESOP Trust                                            (210)            -
                                                                                4,111            2,181

Movement in cash and cash equivalents                                           64               261



Note:

The preliminary financial statement has been prepared on the basis of the
Group's normal accounting policies but does not constitute statutory accounts.
The comparative figures for the period ended 30 April 2001 have been extracted
from statutory accounts for the year then ended.  These statutory accounts have
been delivered to the Registrar of Companies, the auditors report on which was
unqualified and did not contain a statement under section 237(2) or (3) of the
Companies Act 1985.  It is anticipated that the Group's Annual Report and
Accounts for the year ended 30 April 2002 will be published and posted to
shareholders on 18 September 2002.  Copies will be made available at the
Company's registered office at 50 Liverpool Street, London EC2M 7PR.

ENDS


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