Issue of Equity

European Motor Hldgs PLC
27 November 2002


                  European Motor Holdings plc (the "Company")

                            Issue of Equity


The Company announces that on 27 November 2002 it issued and allotted a total of
505,000 ordinary shares of 40 pence each in the Company as a result of the
exercise of options under the Company's 1990 Share Option Scheme.  As a result
of this exercise there are now 52,878,710 ordinary shares in issue. Application
will be made at the earliest practicable opportunity for admission of the new
ordinary shares to the Official List of the London Stock Exchange.

Of the 505,000 ordinary shares referred to above, 150,000 were allotted to
Richard Palmer, a director of the Company, at a price of 55p per share.  As a
result, Richard Palmer now has a beneficial interest in 625,843 ordinary shares
in the Company representing 1.18 per cent. of the issued share capital of that
class.

Of the 505,000 ordinary shares referred to above, 150,000 were allotted to Ann
Wilson, a director of the Company, at a price of 100p per share.  As a result,
Ann Wilson now has a beneficial interest in 497,606 ordinary shares in the
Company representing 0.94 per cent. of the issued share capital of that class.


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