Result of AGM

Premier Management Holdings PLC
6 August 2001


For immediate release on 6 August 2001

PREMIER MANAGEMENT HOLDINGS PLC (the 'Company')

RESULT OF AGM

The Company is pleased to announce that at the Annual General Meeting of the
Company held earlier today all resolutions were passed, including those
resolutions relevant to the issue of the Guaranteed Floating Rate Convertible
Bonds due 2004 (the 'Bonds'). The Company has today entered a placing
agreement relating to the issue of the Bonds with, amongst others, Bracken
Partners Limited ('Bracken Partners'). Bracken Partners is a company involved
in investment and corporate finance services in which Barry Gold and Stuart
Lucas are directors and have an interest and is therefore a related party of
the Company.

Under the terms of the placing agreement the Company has agreed to pay Bracken
Partners commissions of 5 per cent. of the value of Bonds for which Bracken
Partners procures subscribers. The directors of the Company, other than Barry
Gold and Stuart Lucas (the 'Independent Directors') who have been so advised
by Brewin Dolphin Securities Limited, consider the terms of the placing
agreement in relation to Bracken Partners are fair and reasonable so far as
the shareholders of the Company are concerned. In providing its financial
advice to the Independent Directors, Brewin Dolphin Securities Limited has
taken account of the commercial assessment of the Independent Directors.

END