Acquisition update

European Motor Hldgs PLC
29 June 2005


European Motor Holdings plc - Acquisition update


29 June 2005


European Motor Holdings plc ("EMH" or the "Company") proposed acquisition of
Smith Knight Fay (Holdings) Limited


Following the Company's announcement on 14 June 2005 that it had entered into an
agreement, conditional on EMH shareholder and FSA approval, to acquire Smith
Knight Fay (Holdings) Limited ("SKF"), the Company announces today that it
received yesterday a letter of approval from the FSA dated 23 June 2005. The
acquisition of SKF remains conditional upon the approval of EMH shareholders
which is to be sought at an Extraordinary General Meeting of the company to be
convened for this purpose at 10.00 a.m. on 1 July 2005 at the offices of
Investec, 2 Gresham Street, London EC2V 7QP.





Enquiries:

European Motor Holdings plc
Richard Palmer
Ann Wilson
Tel: [phone]


Investec Investment Banking
Keith Anderson
Erik Anderson
Tel: [phone]






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