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Mazaran Leisure PLC (MZR)


Wednesday 08 December, 1999

Mazaran Leisure PLC

Chairman's EGM Statement

Mazaran Leisure PLC
8 December 1999

                   MAZARAN LEISURE PLC
                      EGM STATEMENT

At Mazaran's Extraordinary General Meeting held today,
Chairman Sandy Anderson made the following statement:

'The Group has performed well in the first two months of
the current year.   The refurbishment work at the centres
brought into the Group during the year to 31st August
1999 and during the current year is well up to schedule
and to budget.  The transformation of the Group is well
underway and there are further opportunities under review
in an industry that is highly fragmented and under
managed.  The team assembled at Mazaran is well placed to
take advantage of these conditions.

The final phase of the refurbishment and extension of our
Heathrow health and fitness centre is almost complete:
plans are in place to re-market the club in the period
directly after the New Year, traditionally a successful
period for building membership lists.  The current
membership has been kept broadly steady during the period
in which the club was undergoing transformation to a
Mazaran Health Centre, reflecting the efforts put in
minimising churn rates across the Group.  Mazaran is
emphasising this factor and aims to have one of the
highest retention rates in the sector.

The refurbishment and extension work at our Chelmsford
and Brentwood clubs is due to complete in early 2000.
Both clubs will reflect the ethos we hope to create for
the Mazaran brand, of creating a series of partnerships
between each member and the club so that attainable
fitness targets can be set and attained.  By promoting
this culture we believe we will foster long term
relationships and high attendance at the centres.

Work at the Bristol club is well underway and the initial
phase will be finished by Christmas.  An increase of 150% 
in the membership will be possible once the centre has
been re-launched under the Mazaran brand.

Pools on the Park, a leisure management company that
undertakes a long term contract for the London Borough of
Richmond is performing very satisfactorily.  It has been
agreed with Richmond to rebrand the Health & Fitness Club
under the Mazaran name.  The company is reviewing
opportunities to extend its business in this area.'

Enquiries to:

Richard Yerbury, Chief Executive             Tel: 0118 965 7765
Mazaran Leisure plc                               07968 063 023 (mobile)

Simon Rothschild/Tarquin Edwards             Tel: 0171 256 5756
Millham Communications


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