Interim Results

Premier Management Holdings PLC
10 December 2001

For release at 7.00am on 10 December 2001

PREMIER MANAGEMENT HOLDINGS PLC

CHAIRMAN'S STATEMENT

I am delighted to report a very positive interim result with pre-tax profits
up 76% and turnover up 78% over the corresponding period last year.

For the 6 month period from 1 May 2001 to 31 October 2001 pre-tax profits were
£169,000 on turnover of £753,000.  Last year for the 71/2 month period from 15
March until 31 October, the figures were £120,000 and £540,000 respectively.
The second half figures last year were distorted by inertia in the transfer
market caused by the European Commission review into the transfer system. With
this review now concluded, no such distortions are anticipated going forward
and strong activity in the current period reflects a return to the underlying
growth trend in our market.

Since our final announcement last year we have completed the issuance of our
Eurouro8m redeemable convertible Eurobond.  The proceeds are being used to
implement the Company's expansion strategy and develop the business
principally by;

*   further investment in the future transfer value of football players

*   bringing in additional personnel and, in turn, increasing our roster of     
    players.

*   strategic acquisitions of related businesses

*   establishing an Executive Sports Recruitment business

Amongst the exciting new players signed are Adil Ramzi (Moroccan international
at PSV in Holland), Craig Parry (IEngland Under 16 Goalkeeper at Barnsley)
Samuel Kanu (England Under 16 international at Arsenal), Lyndon Duncan
(England Under 18 international at QPR), Paul Konchesky (England Under 21
International) and John Robinson (Welsh International) both at Charlton,
Damian Francis (Wimbledon) and Mehrdad Minavand (Iranian international at
Sturm Graz).

We have also acquired the football agency of Andrew Mills, which brings into
our portfolio several Premiership players such as Jamie Clapham of Ipswich and
Ade Akinbiyi of Leicester. We are currently in negotiation with several
similar football agencies based in the UK.  These acquisitions are geared
towards improving the quality of our player portfolio and would not involve
any up-front capital payments.  Our existing infrastructure is capable of
providing to those players the full range of services they require.  We expect
to see significant operating benefits as we leverage this infrastructure
through the integration of any such acquisitions in the future.

Premier now provides a one stop shop for our players and, in order to offer a
similar service to clubs, we have established Premier Management Recruitment,
an executive search firm for sports clubs as a joint venture with our
financial advisors, Bracken Partners Limited.  This division is headed by Phil
Woodisse who was previously at Whitehead Mann where he was involved in the
appointment of Adam Crozier at the FA.

Premier already provides player sourcing, transfer and contract negotiation
services to clubs and we also provide funding by investing in the future
transfer value of players alongside those clubs.  In addition, through our
network of consultants, we offer a fully comprehensive scouting service.  With
the establishment of Premier's high quality executive recruitment arm, we are
now positioned to deliver an integrated full service solution to clubs and
sports organisations.

During the period we have expanded the International side of our business with
the opening of an office in Budapest.  It is run by a FIFA registered agent
and has already brought into the Company the two brightest young prospects in
Hungarian football, together with several current full internationals.  The
office, which currently has three staff, is also well placed to service the
surrounding countries where we are already in discussions with clubs and
players.   With our local presence established, we are well positioned to
consolidate activities in this key development region.

Our scouting network, the size and capacity of which has been substantially
increased, continues to work primarily on a consultancy and profit related
basis.  Keith Burkinshaw has joined us as a consultant, and has just returned
from Argentina where he was sourcing players and meeting clubs introduced to
us by Ricky Villa, who has also joined as a consultant.

The platform we have established since flotation will enable us to absorb
additional agents and small businesses without major increases in our cost
base.  There are existing funds available for substantial player and agency
acquisitions enabling us to benefit from this operating leverage as we
continue to execute our expansion strategy.

With this in place, we look forward to a very exciting future as we continue
to capitalise on consolidation opportunities and develop our business in an
operating environment with strong growth potential.



Stuart Lucas
Chairman

10 December 2001


  Unaudited Consolidated                                                      
  Profit and Loss Account                                                     
  for the 6 months ended      
  31 October 2001            6 months to            7 months to     Period to   
                              31 October             31 October      30 April 
                                    2001                   2000          2001 
                                                                              
                                   £'000                  £'000         £'000 
                                                                              
  Turnover                           753                    540           934 
  Profit before taxation             169                    120            76 
  Taxation                           -37                    -24             0 
  Profits attributable to            132                     96            76 
  shareholders                                                                
                                                                              
  Earnings per share          0.66 pence             0.66 pence    0.45 pence 
  (basic)                                                                     
                                                                              
  Earnings per share          0.65 pence             0.63 pence    0.45 pence 
  (fully diluted)                                                             
                                                                              
  All recognised gains and losses are included in the Profit and Loss Account   
                                                                              
  Unaudited Consolidated Balance Sheet                                          
  as at 31 October 2001                     

                                 31 October     31 October        30 April  
                                    2001           2000             2001        
                                                                          
                              £'000   £'000  £'000   £'000    £'000     £'000 
                                                                              
                                                                             
Fixed Assets                                                                  
                                                                              
Tangible Assets                                                                 
Equipment and Vehicles          185            118              204             
Other Investments              2245            375              394             
                                                                              
                                       2430            493                598 
Intangible Assets                                                               
Goodwill                                153            184                164 
                                                                              
                                       2582            677                762 
Current Assets                                                                 
Debtors                        1334            396              727             
Cash and Bank                  3152           1532             1012             
                                                                          
                               4486           1928             1739             
       
Current Liabilities             184            199               91             
       
                                       4302           1729               1648 
                                                                              
                                       6884           2406               2410 
                                                                              
Creditors: amounts                      -32                               -38 
falling due over                                                                
one year                                                                  
                                                                              
Guaranteed Floating                   -4349              0                  0   
Rate Convertible                                                                
Bonds 2004                                                                  
                                                                              
Net Assets                             2503           2406               2372 
                                                                             
Capital and Reserves                                                            
Share Capital                           200            200                200 
Share Premium                          2096           2110               2096 
Retained profits                        207             96                 76 
                                                                       
                                       2503           2406               2372 
                                                                              
  Unaudited Reconciliation of Movement in Shareholders Funds                    
  as at 31 October 2001                                   

                                      6 months to    7 months to    Period to 
                                       31 October     31 October     30 April 
                                             2001           2000         2001 
                                            £'000          £'000        £'000 
                                                                              
  Opening shareholders' funds                2372            Nil          Nil 
                                                                              
  Proceeds from share issue in the            Nil           2310         2296 
  period                                                                      
                                                                              
  Profit for the period                       132             96           76 
                                                                              
                                             2504           2406         2372 
                                                                              
          Unaudited Cash Flow Statement                              
                                                                              
       for the 6      6 months to 31      7 months to 31      Period to 30    
    months ended       October 2001        October 2000        April 2001     
      31 October                                                              
           2001                                                               
                     £'000    £'000      £'000    £'000    £'000    £'000     
                                                                              
        Net Cash               -391                -238              -712     
   Movement from                                                              
       Operating                                                              
     Activities                                                               
                                                                              
      Returns on                                                              
     investment                                                               
        Interest                 37                  65                85     
       Received                                                               
                                                                              
         Capital                                                              
    expenditure                                                               
     Payments to                 -4                -131              -179     
         acquire                                                              
        tangible                                                              
         assets                                                               
                                                                              
   Management of                                                              
          liquid                                                              
      resources                                                               
     Fixed asset              -1851                -375              -394     
     investment                                                               
                                                                              
      Financing                                                               
        Issue of                          2600              2600              
        ordinary                                                              
         shares                                                               
   Cost of share                          -304              -304              
          issue                                                               
     Convertible      4938                                                    
     Bond issue                                                               
    Cost of bond      -589                                                    
          issue                                                               
   Investment in                           -85               -85              
     subsidiary                                                               
                                                                              
        Net cash               4349                2211              2211     
     inflow from                                                              
      financing                                                               
                                                                              
     Movement in               2140                1532              1011     
   cash and cash                                                              
    equivalents                                                               
                                                                              
                                                                              
                          Notes to Interim Results
                    for the 6 months ended 31 October 2001

1 Basis of preparation

The results for the six months ended 31 October 2001 are unaudited and have
not been reviewed by the auditors. They have been prepared on accounting
basis and policies that are consistent with those used in the preparation of
the financial statements of the company for the period ended 30 April 2001

The financial statements contained in this report do not constitute statutory
accounts within the meaning of Section 240 of the Companies Act 1985.

The abridged information for the period to 30 April 2001 has been extracted
From the Company's audited accounts for that period, which have been filed
with the Registrar of Companies. The auditors' report on the Company's accounts
for that period was unqualified and did not contain a statement under either of
sections 237(2) or 237(3) of the Companies Act 1985

2 Dividend

No dividend is proposed for the period ended 31 October 2001

3 Earnings per share

The calculation of the basic earnings per share is based on the profit of
ordinary activities after taxation and on the weighted average number of 
ordinary shares in issue during the period.

The calculation of diluted earnings per share is based on the basic earnings
per share adjusted to allow for the issue of shares on the assumed conversion of
all options.

4 Interim Statement

The interim statement will be posted to shareholders during December 2001.

Copies of the interim statement can be obtained from the company by writing to
the Company Secretary at 50 Liverpool Street, London, EC2M 7PR