Issue of Equity

Premier Management Holdings PLC
24 March 2004

Premier Management Holdings plc (the 'Company')

Issue of shares

The Company is pleased to announce that it has today placed 41,250,000 new
ordinary shares of 1p each in the Company for cash at an issue price of 2p per
share. The proceeds will be used to make the first payment on the settlement of
the Convertible Eurobond with the balance being used for working capital.
Application will be made at the earliest practicable opportunity to the London
Stock Exchange for admission of the new shares to be admitted to trading on its
Alternative Investment Market.

ENDS



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