Purchase of Own Securities

Peel Hldgs PLC
10 August 2000

Letter dated 9 August 2000

On Wednesday 9th August 2000, the Company purchased its own shares for
cancellation as follows:

-    19,479   Ordinary shares of 25p each at 700p per share
-     6,750   5.25% Convertible Cumulative Non-Voting Preference                
             Shares of £1 each at 250p per share