Dividend Declaration

Personal Group Holdings PLC
27 February 2002

                          Personal Group Holdings PLC

The directors are pleased to report that company performance for the year ended
31 December 2001 is in line with market expectations. In addition, the property
formally occupied by the Group has now been fully sub-let and therefore the
directors anticipate that they will be able to release a substantial proportion
of the £340,000 provision made in the financial statements for the year ended 31
December 2000.

The directors are pleased to announce that a second interim dividend of 3.3p per
share, in respect of the year ended 31 December 2001, will be paid on 27 March
2002 to members on the register on 8 March 2002.

In the absence of unforeseen circumstances, the directors expect to recommend a
final dividend in respect of the year ended 31 December 2001 for approval at the
Annual General Meeting to be held on 23 April 2002.

On the assumption that the existing strong solvency position of the group is
maintained the directors anticipate that they will adopt the policy of three
dividend payments a year for the foreseeable future.



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