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VHE Holdings PLC (VHE)


Tuesday 07 September, 1999

VHE Holdings PLC

Chairman's AGM Statement

7 September 1999

                  VHE Holdings plc: Chairman's AGM Statement

VHE   Holdings  plc,  the  UK's  premier  land  regeneration  and  reclamation
contractor,  held its AGM at 10:00am today in Barnsley.  Following the  formal
proceedings  of the meeting John Parkinson, the Chairman, made  the  following
statement to shareholders:

'In  my  comments accompanying the year end results I wrote, 'VHE Construction
starts  the year with an order book slightly down on the corresponding  period
last year.  Consequently our first half turnover will also be down on the year
just  passed.   However,  our opportunities to win new  work  look  relatively
strong and we are anticipating a better second half performance than 1998-99.'

I  can  confirm  that our first half results will be down on the corresponding
period last year but that the second half prospects look encouraging.

In  the  matter  of  Leabrook Road we are engaging in the arbitration  process
which  recommenced  yesterday after the summer  recess.   We  continue  to  be
advised that the outcome will be satisfactory.'

For further information contact:

VHE Holdings plc
John Parkinson, Chairman                        Tel: 01226 715 666
Philip Underwood, Managing Director             
Richard Littlehales, Chief Executive            


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