Placing of Shares

Power Leisure PLC
31 July 2001

                              POWER LEISURE PLC

                              Placing of Shares


Power Leisure announced today that Goodbody Stockbrokers and ING Barings have
successfully placed 4,305,473 existing ordinary shares in Power Leisure with
institutional and other investors in Ireland and the UK on behalf of a number
of existing shareholders at a price of  Euro3.59 per share (stg£2.20).

Within the selling shareholders the following Directors and major shareholder
sales were made:

               Beneficial holding  Shares   Beneficial holding      % of issued
                      pre-placing    Sold         post placing    share capital
John Corcoran           7,909,122 981,775            6,927,347             14.8
Stewart Kenny           4,093,920 614,088            3,479,832              7.4
Peter O'Grady             798,420 119,763              678,657              1.4
Walshe
David Power             5,568,884 500,000            5,068,884             10.8
John O'Reilly             722,222 108,333              613,888              1.3
Edward McDaid              87,780  13,167               74,613              0.2
Rowan                   3,719,277 557,892            3,161,385              6.7
Nominees
Governor &              4,188,294 628,244            3,560,050              7.6
Co. of BoI
ICC Bank plc            2,356,874 353,531            2,003,343              4.3


John Corcoran's beneficial shareholding includes 237,171 shares held by his
spouse.

Peter O'Grady Walshe's beneficial shareholding includes 655,248 shares held by
his spouse. In addition, Peter O'Grady Walshe is a trustee of a discretionary
trust, which was the beneficial owner of 327,200 shares and which sold 70,000
shares in the placing. He has a non-beneficial interest in those shares.

Rowan Nominees Limited holds 3,161,385 shares for funds managed by HgCapital,
formerly Mercury Private Equity, with which Ian Armitage is managing director.
 Ian Armitage, a director of Power Leisure, has a beneficial interest in
32,460 of those shares.

Michael Quinn is a director of ICC Bank plc, which held for itself and is
manager on behalf of others of 5,563,393 shares.  This holding includes that
of the Governor & Co. of BOI.

Under a Lock-in Deed put in place at flotation in December 2000 the above
listed shareholders were permitted to sell up to 15% of their holdings
following announcement of the interim results for the six months ended 30 June
2001 which took place on 24 July 2001.  After disposal of 15%, no further
sales are permitted by these holders until after the announcement of the
interim results for the six months ended 30 June 2002 without the prior
consent of Goodbody Stockbrokers and ING Barings.

As a result of this placing the free float has risen from 33% of the issued
share capital to 42%.

31 July 2001
                                    - Ends -


Issued on behalf of Power Leisure by Drury Communications

For reference
Peter O'Grady Walshe              Mark Cahalane/Marie Therese Duffy
Power Leisure                     Drury Communications
Mob: [phone]              Tel: [phone]

Trevor Phillips
Holborn Public Relations
Tel: [phone]