Director Shareholding

Holidaybreak PLC
12 February 2004

On 11 February 2004 Matthew James Cheetham, Director of Holidaybreak plc, was
granted an option over 5,328 ordinary 5p shares in Holidaybreak plc under the
terms of the Holidaybreak plc 2001 Approved Company Share Option Plan at an
Option Price of 563 pence per share.

The exercise of the option is subject to achievement of performance criteria in
which the increase in earnings per share measured over a fixed period of five
financial years beginning from the commencement of the financial year in which
the grant of the option takes place must be at least 15% above the increase in
the Retail Price Index measured over the same period.

Subject to performance being met, the Option will be exercisable during the
period 1.10.08 to 11.2.2014.

Matthew Cheetham has also today disclosed a beneficial interest in 1 ordinary 5p
share in Holidaybreak plc.

Matthew Cheetham's total interest in the share capital of Holidaybreak plc,
following the above notifications, is as follows:

No. Ord 5p Shares                 No. Options

       1                          5,328


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