Thaksin Shinawatra
15 June 2007

                                        
                              Dr Thaksin Shinawatra
                       Statement re recent press comments
                      ('Manchester City' or the 'Company')

Seymour Pierce Limited, financial adviser to Dr Thaksin Shinawatra, notes
today's article in the Bangkok Post which quotes comments from Noppadom
Pattama, attorney to Dr Thaksin based in Bangkok.

Seymour Pierce Limited and Dr Thaksin wish to clarify that Noppadom Pattama is
not authorised to speak on behalf of Dr Thaksin on matters governed by the City
Code on Takeovers and Mergers and accordingly all of the statement made by 
Noppadom Pattama should be disregarded.

Further to the announcement made by Manchester City on 12 June 2007, Dr Thaksin
and Manchester City remain in discussions regarding a possible offer for the
Company.

These discussions may or may not lead to an offer being made for the Company.

A further announcement will be made in due course, as appropriate.

Contacts and enquiries:

Seymour Pierce Limited                                             020 7107 8000
Keith Harris
Roger Clement

Holborn Public Relations Limited
Paul McGoohan                                                       07887 792588
Mark Longson                                                        07852 129625



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