Response to news article

Sutton Harbour Holdings PLC
17 January 2005


                 Sutton Harbour Holdings plc ('Sutton Harbour')

                            Comment on News Article

The board of Sutton Harbour has noted an article in last week's Investors
Chronicle which comments that 'the shares have fallen sharply since June's 215p
bid was rejected'. The board wish to point out that there was a one for one
bonus issue in August 2004 and the equivalent bid price was 107.5p. The current
share price is substantially higher than this.



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