Additional Listing

Peel Hldgs PLC
18 March 2004


Peel Holdings p.l.c. (the 'Company')

Application for admission - Conversion of Convertible Preference Shares

Application has been made to AIM for the listing of 749,291 Ordinary shares of
25p each ('Shares'), arising from the exercise of conversion rights to the 5.25%
(net) Convertible Cumulative Non-voting Preference shares of £1 each.

These Shares will rank pari passu with the existing Ordinary shares in issue and
admission is expected to take place on 24 March 2004.

18 March 2004

END



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