Re: Consultancy Agreement

Tottenham Hotspur PLC
17 September 2004

For Immediate Release

17 September 2004

                             Tottenham Hotspur plc

                             Consultancy Agreement

Tottenham Hotspur plc (the 'Company') has today entered into a consultancy
agreement ('Agreement') with Final Developments Limited ('Final Developments'),
a private company whose sole shareholder and director is Mr Paul Kemsley ('Mr
Kemsley'), an executive director of the Company.

The Agreement relates to a proposal (the 'Proposal') brought to the Board,
through Final Developments relating to the acquisition and sale, for
redevelopment, of parcels of land, to the north of Tottenham Hotspur's stadium.

Under the terms of the consultancy agreement, a commission will become payable
to Final Developments equal to 15% of the revenue generated from the Project if
the potential project generates income over and above the highest valuation
determined  by an independent valuer. The commission is conditional, inter alia,
on the Company achieving a minimum profit of £2.5m from the Proposal.

The Directors of Tottenham Hotspur plc, with the exception of Mr Kemsley, having
consulted with their nominated advisor, Seymour Pierce Limited, believe that
this transaction is fair and reasonable insofar as the Company's shareholders
are concerned. The Board recognises that the Proposal is reliant on Mr Kemsley's
specific knowledge and dedication and considers that the consultancy agreement
is a suitable arrangement by which to incentivise Final Developments which has
received no fee to date, to maximise profits from the redevelopment of the land
for the benefit of the Company.

Enquiries:

John Bick/Trevor Phillips, Holborn                           tel: [phone]

end

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