Board Restructuring

Hornby PLC
14 May 2001


                                  HORNBY PLC

                             Board Restructuring



Hornby Plc announces that it has slimmed down its main board to achieve cost
savings and operating efficiencies in line with the scale of its operations.
Executive directors, Nicholas Cole, Timothy Nabbs and Frits Passet and
non-executive director, David Robins have today stood down from the Plc board.

Nicholas Cole and Frits Passet will continue as directors of Hornby's
operating subsidiary, Hornby Hobbies Limited and will participate as members
of the Group's management board. Timothy Nabbs will leave the Group and his
responsibilities for UK sales and marketing will be assumed by the Chief
Executive, Frank Martin. David Robins will continue his close relationship
with Hornby as a partner in the company's solicitors, Berwin Leighton Paisner.

The revised Plc board comprises Neil Johnson (non-executive Chairman), Frank
Martin (Chief Executive), John Stansfield (Finance Director) and Nicholas Cosh
(non-executive). Hornby's management board will comprise the Chief Executive,
the Finance Director, Nicholas Cole as Operations Director/General Manager and
Frits Passet as International Sales Director. Other members of Hornby's senior
management team will participate as required.

Chairman, Neil Johnson, thanked the former directors for their tremendous
contribution to the development of the company over recent years and added 'I
believe our revised board and management structure is more appropriate for the
scale of our business and will enable us to manage the Group efficiently going
forward'.



14 May 2001