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Forever Broadcast (FOB)

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Wednesday 13 November, 2002

Forever Broadcast

Statement re Strategic Review

Forever Broadcasting PLC
13 November 2002

13th November 2002


Having concluded the strategic review announced in the circular to shareholders
dated 20th September 2002, the Board has decided to commence discussions with
potential investors.

The Board does not wish to speculate on how these discussions may develop
although, in the light of this decision, Mr Eric Lawrence (Managing Director),
having expressed a desire to explore the possibility of a management buy out of
part or all of the Group, has been granted leave of absence to enable him to do
so.  Mr Steve King (Programme Director) and Mr Harry Dunne (Sales and Marketing
Director) have indicated that, if successful, they wish to join a management buy
out team and, in the meantime, they will continue in their operational roles.
During Mr Lawrence's leave of absence, Mr John Josephs (Chairman) will assume
the day to day management of the Group's operations.

Further announcements will be made as appropriate.


John Josephs                                                     0191 286 0000
Forever Broadcasting

Peter Watson/Matt Davis Baird                                    020 7488 1212

David Simonson/Nicola Davidson                                   020 7606 1244
Merlin Financial

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