Related Party Transaction

Spice Holdings PLC
22 June 2005


For release at 7am on 22 June 2005

22 June 2005

                 Spice Holdings plc ('Spice' or 'the Company')

                           Related party transaction

On 12 April 2005, in the ordinary course of trading, Spice's subsidiary
undertaking, Team Simoco Limited ('TSL'), completed the sale of certain telecoms
stocks to PKS Enterprises Limited ('PKS'). PKS is a related party to Spice by
virtue of the fact that PKS is controlled by a Director of a subsidiary
undertaking of Spice.

The total sale price agreed with PKS for the stocks was £447,000. The written
down value of the stocks sold was £249,000 and the profit earned by TSL, and
consequently Spice, from this sale was £198,000.

The Directors of Spice, having consulted with its nominated adviser, KBC Peel
Hunt Limited, consider that the terms of the transaction are fair and
reasonable.

In Spice's RNS of 20 May 2005, Spice confirmed that trading was in line with
market expectations. That announcement excluded the impact of the transaction
referred to above.

The company's full year results will be announced on 21 July 2005 and a
presentation for Analysts will take place on the morning of the 21 July.

Enquiries:

Spice Holdings plc Tel: [phone]
Simon Rigby, Chief Executive Officer
Carl Chambers, Corporate Development Director
Oliver Lightowlers, Group Finance Director

Ends







                      This information is provided by RNS
            The company news service from the London Stock Exchange