Posting of Circular

Holidaybreak PLC
25 May 2007


25 May 2007

Holidaybreak plc

Posting of Circular, Expected Timetable

Further to the announcement on 18 May 2007, Holidaybreak plc announces that the
Circular, in relation to the proposed acquisition by PGL Holdings of PGL and
containing a notice convening an extraordinary general meeting of shareholders
(the "EGM") to approve the resolution necessary in connection with the
acquisition, has been posted to shareholders today.

Copies of the Circular have been submitted to the UK Listing Authority, and will
shortly be available for inspection at the UK Listing Authority's Document
Viewing Facility, which is situated at:

Financial Services Authority, 25, The North Colonnade, Canary Wharf, London, E14
5HS

Terms used in this announcement shall have the same meaning as those in the
Circular.



Expected timetable of principal events:

Latest time and date for receipt of forms of proxy 10:30 a.m. on 9 June 2007

Extraordinary General Meeting 10:30 a.m. on 11 June 2007

Completion of the Acquisition 12 June 2007

References to times in this announcement are to London time unless otherwise
stated.

Notes

1. Any member entitled to attend and vote at the EGM is entitled to appoint one
or more proxies (who need not be a member of the Company) to attend and, on a
poll, to vote instead of him or her. A Form of Proxy for use by members is
enclosed with the Circular. In order to be valid, the Form of Proxy and any
power of attorney or other authority under which it is signed, or a notarially
certified or office copy of such power or authority, or an electronic proxy
voting instruction, must reach the Company's registrars, Capita Registrars,
Proxy Processing Centre, Telford Road, Bicester, OX26 4LD not less than 48 hours
before the time of the Meeting or of any adjournment of the Meeting.

2. Alternatively, a member may register his or her proxy electronically on the
Company's registrars' website www.capitaregistrars.com. In order to use this
service, shareholders will be required to enter their Investor Code which is
printed on the Form of Proxy. Completion and return of the Form of Proxy or
registering a proxy electronically will not preclude a member from attending and
voting at the Meeting in person, if he or she wishes to do so.

3. CREST members who wish to appoint a proxy or proxies by utilising the CREST
electronic proxy appointment service may do so for the Meeting and any
adjournment(s) thereof by utilising the procedures described in the CREST
manual. CREST personal members who have appointed a voting service provider(s),
should refer to their CREST sponsor or voting service provider(s), who will be
able to take the appropriate action on their behalf.

In order for a proxy appointment or instruction made using the CREST service to
be valid, the appropriate CREST message (a ''CREST Proxy Instruction'') must be
properly authenticated in accordance with CRESTCo's specifications and must
contain the information required for such instructions, as described in the
CREST manual. All messages relating to the appointment of a proxy or an
amendment to an instruction given to a previously appointed proxy must, in order
to be valid, be transmitted to Capita IRG plc (ID RA10) by no later than 48
hours before the time of the meeting or adjournment thereof. For this purpose,
the time of receipt will be taken to be the time (as determined by the timestamp
applied to the message by the CREST applications host) from which Capita IRG plc
is able to retrieve messages by enquiry to CREST in the manner prescribed by
CREST. After this time any change of instructions to proxies appointed through
CREST should be communicated to the appointee through other means.

CREST members and, where applicable, their CREST sponsors or voting service
providers should note that CRESTCo does not make available special procedures in
CREST for any particular messages. Normal system timings and limitations will
therefore apply in relation to the input of CREST Proxy Instructions. It is the
responsibility of the CREST member concerned to take (or, if the CREST member is
a CREST personal member or sponsored member or has appointed a voting service
provider(s), to procure that his CREST sponsor or voting service provider(s)
take(s)), such action as shall be necessary to ensure that a message is
transmitted by means of the CREST system by any particular time. In this
connection, CREST members and, where applicable, their CREST sponsors or voting
service providers are referred, in particular, to those sections of the CREST
manual concerning practical limitations of the CREST system and timings.

The Company may treat as invalid a CREST Proxy Instruction in the circumstances
set out in Regulation 35(5)(a) of the Uncertificated Securities Regulations
2001.

In accordance with Regulation 41 of the Uncertificated Securities Regulations
2001 the Company specifies that members who hold shares in uncertificated form
must be entered on the Company's Register of Members at 10:30am on 9 June 2007
in order to be entitled to attend and vote at the Extraordinary General Meeting.
Such members may only cast votes in respect of the number of shares registered
in their name at that time. Changes to the Register of Members after 10:30am on
9 June 2007 will be disregarded in determining the rights of any person to
attend and vote at the Meeting.


Enquiries
Holidaybreak plc                                          01606 787100
Carl Michel, Chief Executive
Bob Baddeley, Group Finance Director

Brunswick                                                 020 7404 5959
James Hogan
Craig Breheny
Ash Spiegelberg

Dresdner Kleinwort                                        020 7623 8000
Christopher Baird

Vollman Brothers                                          020 7898 0511
Bill Kendall

Other

Dresdner Kleinwort Limited, which is authorised and regulated by the Financial
Services Authority, is acting for Holidaybreak plc and for no-one else in
connection with the contents of this announcement and will not be responsible to
anyone other than Holidaybreak plc for providing the protections afforded to
customers of Dresdner Kleinwort Limited or for affording advice in relation to
the contents of this announcement or any matters referred to herein.


Vollman Brothers Limited, which is authorised and regulated by the Financial
Services Authority, is acting for Holidaybreak plc and for no-one else in
connection with the contents of this announcement and will not be responsible to
anyone other than Holidaybreak plc for providing the protections afforded to
customers of Vollman Brothers Limited or for affording advice in relation to the
contents of this announcement or any matters referred to herein.




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