Result of EGM

Peel Hldgs PLC 26 July 2004 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN 26 July 2004 FOR IMMEDIATE RELEASE Peel Holdings p.l.c. ('Peel') Results of the Court Meeting, the Extraordinary General Meeting ('EGM') and the Class Meeting (the 'Meetings') Further to the announcement by Peel on the 30 June 2004 relating to the offer by Peel Acquisitions Ltd to buy-out the minority shareholders in Peel by way of a scheme of arrangement under s.425 of the Companies Act 1985, the Board of Peel announces that the resolutions proposed at the Meetings which commenced at 11:00 a.m. today were all duly passed. Enquiries: Peel Holdings p.l.c. Telephone: 0161 629 8200 Peter Scott N M Rothschild & Sons Limited Telephone: 0161 827 3800 Richard Bailey The Directors of Peel Holdings p.l.c accept responsibility for the information contained in this announcement. To the best of knowledge and belief of the Directors, who have taken all reasonable care to ensure such is the case, the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. N M Rothschild & Sons Limited is acting for Peel Holdings p.l.c and no one else in connection with the possible transaction and will not be responsible to anyone other than Peel Holdings p.l.c for providing the protections afforded to clients of N M Rothschild & Sons Limited or for providing advice in relation to the possible transaction. This information is provided by RNS The company news service from the London Stock Exchange