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Kingsbridge Hldgs (PNC)

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Monday 31 July, 2000

Kingsbridge Hldgs


Kingsbridge Holdings PLC
31 July 2000

                     KINGSBRIDGE HOLDINGS PLC

Kingsbridge  Holdings  ('Kingsbridge'),  announces  that  it   has
entered into an agreement with Close Brothers, a leading financial
institution,  to market on its behalf a significant proportion  of
its new tax efficient investment scheme.  In total Kingsbridge has
agreed to place with its clients up to £30 million.

Kingsbridge  will  receive  initial  commission  and   an   annual
management  charge  and will manage up to  £10  million  of  these

Charles Green, Chairman, commented:

'Following the successful flotation the management team is working
hard  to  further expand its business and this is, hopefully,  the
first  of  several  deals  that will both  enhance  the  Company's
profile  and profitability.  In the first year the agreement  with
Close  Brothers is expected to contribute approximately  £500,000.
We  have appointed the first recruit since flotation, who will  be
London  based and assist in exploiting the opportunities available
in the Capital.

'We  stated at flotation that the placing would allow us  to  take
advantage  of the opportunities available and that the recruitment
of  selected  personnel was a priority. We expect to make  further
announcements regarding expansion in due course.'
                                                    31st July 2000


Kingsbridge Holdings Plc                     Tel: 0115 852 3620
David McKee, Joint Managing Director         Mobile: 0468 390896

College Hill Associates                      Tel: 020 7457 2020
Michael Padley / Nicholas Nelson             Mobile: 07798 863 690

Editors' Note

Kingsbridge  is  a provider of financial services  and  advice  to
clients.   The  core business of Kingsbridge is the  provision  of
financial  services  and  advice to a client  base  that  includes
football  players,  managers and coaching  staff.   The  principal
financial  services  and  advice  that  Kingsbridge  provides  are
pension  planning, tax efficient savings and investment plans  and
the arrangement of pension drawdown contracts.