Change of Adviser

European Motor Hldgs PLC
5 July 2002



              European Motor Holdings plc ("EMH" or "the Company")


               Appointment of Financial Advisers and Stockbrokers



The Board of EMH is delighted to announce the appointment of Investec Investment
Banking, a division of Investec Bank (UK) Limited, as financial advisers and
joint stockbrokers to the Company with immediate effect. Brewin Dolphin will
remain joint stockbrokers to the Company.

Enquiries:

European Motor Holdings plc

Richard Palmer      - Chief Executive                 020 8961 2525
Ann Wilson      - Finance Director                    020 8961 2525





















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