Trading Statement

Premier Management Holdings PLC
16 May 2001



                       PREMIER MANAGEMENT HOLDINGS PLC

                     TRADING UPDATE AND NEW APPOINTMENTS


Key points

  * Trading for the year ended 30 April 2001 in line with expectations

  * Good start to current financial year with player management deal signed
    with major Portuguese club, Vitoria Setubal

  * Mickey Walsh to run his business within the Company full-time

  * Appointment of three additional agents, well-connected both in the
    United Kingdom and in Northern Europe

  * Investment in talented young players now £1 million worldwide

Barry Gold, the Company's Managing Director states,

'With the removal of the uncertainty that has inhibited the European transfer
system in recent months, the addition of a wealth of talent to our team and
with our record of innovation, the Company is well-positioned to become the
premier football agency in the United Kingdom'



For further enquiries:

Barry Gold (Premier Management Holdings) 020 7456 0490

Richard Evans (Brewin Dolphin Securities Limited) 0161 214 5553




                Trading update

Premier Management Holdings Plc (the 'Company'), the only professional
football management services company presently quoted on AIM, is pleased to
report that trading in the second half of its financial year to 30 April 2001
has been in line with expectations despite the recent uncertainty over the
future of the European transfer system. In addition, the Company's
representation team has been strengthened recently by the appointment of four
new agents.


The dispute between EUFA and the European Union over player transfer
procedures has now been resolved. The signing of Ruud Van Nistelrooy by
Manchester United suggests that the new regime will not represent a
substantive change from the previous transfer system. With this in mind,
together with the appointment of four talented new agents, the Board look
forward to the next financial year with optimism.


The current financial year has started well with an agreement being reached
with Vitoria Setubal, one of the most famous clubs in Portugal. The club is
currently in the top three of the Portuguese second division and in line for
promotion to the first division from which they were relegated last season.
The Company is contracted 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.


Mickey Walsh, the former Blackpool, Everton, QPR and Porto player has brought
his business and another FIFA license 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. He was a major participant in the agreement with Vitoria Setubal.


The Company has also further strengthened the player representation team with
the appointments of Sjoerd Postuma, Anthony Macfarlane and David Leadbeater.


Mr Postuma played as a professional footballer for six years and represented
the Netherlands at both under-18 and under-17 levels on several occasions
before he was forced to retire early due to injury. He has a degree in
Economics and Management and he is fluent in several languages. Before joining
Premier he worked for an agency in Holland but is now primarily based in the
United Kingdom where he operates in addition to Holland and throughout
Northern Europe.


Mr McFarlane was a professional footballer for six years at West Ham United
until a serious injury forced his retirement. His past experience and wide
contact base, particularly amongst younger players in the United Kingdom is
expected to facilitate Premier's strategy of identifying and investing in
promising young talent.


Mr Leadbeater is a part-time scout at Middlesborough football club and
experienced a long career in professional football, both as a player and a
manager, before joining the Company.


The Company continues to create innovative solutions for the professional
player transfer and representation market and has invested a total of £1
million to date in the future value of several young players worldwide. By
advancing money against shares in young player future transfer values the
Company is able to provide an innovative method of financing for football
clubs in return for immediate revenue returns for the Company's shareholders
from arrangement fees and the opportunity to realise substantial capital gains
over the medium term where those players achieve their full potential.




ENDS