Asian Contracts Secured

World Sport Group PLC 26 November 2001 Date: 26 November 2001 On behalf of: World Sport Group plc For immediate release World Sport Group Secures Asian Contracts Worth $80m World Sport Group plc, the leading sports media, marketing and management company, is pleased to announce that it has secured several major sponsorship contracts with a total value in excess of $80 million. As a result, more than 60 per cent of the Group's revenues for year ending 31 December 2002, are already visible. The contracts, which range from two to seven years, are across four key areas of the Group's business - cricket, CNBC Sports, golf and football. Cricket - World Sport Group has secured seven-year sponsorship deals with Pepsi and LG (India) and three-year sponsorship deals with Hero Honda (India) and South African Airways for the ICC properties. CNBC Sports - the Group has already sold 90 per cent of the available airtime in the last quarter, including a major deal with the Malaysian Tourist Board. Golf - a multi-year deal has been signed with Omega as the title sponsor of the Hong Kong Open, one of the leading evens on the Asian PGA Tour. In addition, the Group has, for the first time, secured tour partner deals with a number of organisations including Accenture, Omega, Taylor Made and Carlsberg. Football - TV deals for Asian Football has been signed with LBC for the Middle East. Sponsorship contracts have also been secured with Coca Cola, Adidas, Maxell, Epson, Konica and Tiger Beer (Asia Pacific Breweries). Commenting on the announcement, World Sport Group's Executive Chairman, David Ciclitira, said: 'We are delighted with the progress we are making in the Asian market which has been less affected by market conditions than many others. These contracts are further endorsements of the excellent reputation and dominant position we have in Asia.' Seamus O'Brien, Chief Executive of World Sport Group, added: 'I have always been a strong believer in the Asian market place and feel that our current success in sponsorship sales compliments the success we have recently had in securing long-term television deals for the Asian Football Confederation notably in Japan and the Middle East. Asia is still experiencing strong economic growth and sport will be a major beneficiary of that.' Ends Enquiries to: Emma Kane, Chief Executive Tel: 020 7955 1410 Redleaf Communications Ltd Mob: 07876 338339 Notes to Editors: * World Sport Group plc (WSG) listed on AIM on 15 August 2001, following the reverse takeover of Orchard Furniture plc by the combined businesses of World Sport Group Limited and Parallel Media Group International Limited. * Current shareholders include News Corporation and Nomura. * The Company is currently capitalised at £53m. * The Company offers a full one-stop shop for advertisers and sponsors: television programming, airtime sales, outdoor marketing opportunities, Internet services, exposure in print publications and bespoke event management plus sponsorship in football, cricket, rugby and golf. * WSG's ownership of media and marketing rights includes the Asian Professional Golfers' Association (Asian PGA) for 90 years and rights to the Asian Football Confederation (AFC) events until 2009 (with matching rights to 2013). In partnership with News Corporation, it also has the rights to ICC International Cricket, including the World Cups in 2003 (South Africa) and 2007 (West Indies). end
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