Re Agreement

Premier Management Holdings PLC
23 August 2004


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

Agreement with Mark Curtis

Premier Management Holdings plc today announces that it has entered into a
compromise agreement (the 'Agreement') with Mark Curtis, the former vendor of
Sports Player Management Limited ('SPM') which was acquired by the Company on 30
April 2002

Mr Curtis has left SPM in order to concentrate on other business areas that are
incompatible with his working full time as a football agent and being Managing
Director of a sports agent company.

Accordingly, under the terms of the Agreement Mr Curtis has agreed to resign
from his position with SPM with immediate effect. In addition, the other full
time agent in SPM will also be resigning his position within the next 21 days.
In consideration, Premier has agreed to waive certain restrictive covenants
contained within the original SPM acquisition agreement which would have
prevented Mr Curtis from operating as a football agent outside of the Company.

As part of the of the Agreement Mr Curtis has transferred his entire holding of
4,333,333 shares in the Company, for a total consideration of £1 to Mr Barry
Gold, a director of Premier, on trust for the Company pending those shares being
cancelled in accordance with company law. It is expected that the shares will be
cancelled prior to the end of the Company's current financial year. Pending
cancellation Mr Barry Gold, Chairman of the Company, is deemed to have a
non-beneficial interest in these shares.

The Directors anticipate that the departure of Mr Curtis and the other
arrangements covered by the compromise agreement will save the Company in excess
of £200,000 on an annualised basis.

Commenting on the Agreement, Barry Gold said:

' The Agreement is good news for the Company as it will provide significant cost
savings without impacting substantially on Premier's ability to drive revenues.
SPM was acquired under substantially different market conditions and whilst it
has not performed in line with the high expectations prevailing at that time
this is a consequence of the market. We wish Mark and his team well in their
careers outside of the Company and would like to thank them for their efforts.
We hope we will have the opportunity of working with Mark on a deal by deal
basis in the future.'

Enquiries:

Barry Gold
Chairman Tel [phone]




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