Re Agreement

Premier Management Holdings PLC 23 August 2004 Premier Management Holdings plc ('Premier' or the 'Company') Agreement with Mark Curtis Premier Management Holdings plc today announces that it has entered into a compromise agreement (the 'Agreement') with Mark Curtis, the former vendor of Sports Player Management Limited ('SPM') which was acquired by the Company on 30 April 2002 Mr Curtis has left SPM in order to concentrate on other business areas that are incompatible with his working full time as a football agent and being Managing Director of a sports agent company. Accordingly, under the terms of the Agreement Mr Curtis has agreed to resign from his position with SPM with immediate effect. In addition, the other full time agent in SPM will also be resigning his position within the next 21 days. In consideration, Premier has agreed to waive certain restrictive covenants contained within the original SPM acquisition agreement which would have prevented Mr Curtis from operating as a football agent outside of the Company. As part of the of the Agreement Mr Curtis has transferred his entire holding of 4,333,333 shares in the Company, for a total consideration of £1 to Mr Barry Gold, a director of Premier, on trust for the Company pending those shares being cancelled in accordance with company law. It is expected that the shares will be cancelled prior to the end of the Company's current financial year. Pending cancellation Mr Barry Gold, Chairman of the Company, is deemed to have a non-beneficial interest in these shares. The Directors anticipate that the departure of Mr Curtis and the other arrangements covered by the compromise agreement will save the Company in excess of £200,000 on an annualised basis. Commenting on the Agreement, Barry Gold said: ' The Agreement is good news for the Company as it will provide significant cost savings without impacting substantially on Premier's ability to drive revenues. SPM was acquired under substantially different market conditions and whilst it has not performed in line with the high expectations prevailing at that time this is a consequence of the market. We wish Mark and his team well in their careers outside of the Company and would like to thank them for their efforts. We hope we will have the opportunity of working with Mark on a deal by deal basis in the future.' Enquiries: Barry Gold Chairman Tel 01227 366 992 This information is provided by RNS The company news service from the London Stock Exchange GRPJMJTMMBTBBI