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Kingsbridge Hldgs (PNC)

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Thursday 31 August, 2000

Kingsbridge Hldgs

Proposed Acquisition

Kingsbridge Holdings PLC
31 August 2000

                     KINGSBRIDGE HOLDINGS PLC

 Proposed acquisition of John Murray & Company (Scotland) Limited
                          ('John Murray')

Kingsbridge  Holdings  Plc ('Kingsbridge')  or  the  ('Company'),  a
provider  of  financial advisory services, is pleased to  announce
that  it  has signed heads of terms with a view to acquiring  John

John  Murray  is a leading football focused independent  financial
adviser   based   near   Glasgow.   The  consideration   for   the
acquisition,  which is conditional upon further due  diligence  by
the Company, will be satisfied on completion of the acquisition by
the  payment of £1 million in cash and by the issue of 3.5 million
ordinary shares at 58 pence per share.  Deferred consideration  of
up  to  a maximum of £1.14 million will become payable, partly  in
shares and partly in cash, dependent on the trading performance of
John Murray for the period ending 31 August 2001.

For the year ended 31 July 2000 John Murray had unaudited turnover
of  approximately  £1  million and profit on  ordinary  activities
before taxation of £159,566.  At 31 July 2000, John Murray had net
assets of £579,526.

Entry into the Entertainment Business

Kingsbridge  is  also  pleased to announce an exclusive  agreement
with  Keysports Limited, a UK based company which is  involved  in
the  music  business.  Under the heads of terms, Kingsbridge  will
acquire  the  exclusive rights to Keysports Limited's client  base
and  associates for two years, renewable for a further two  years.
The  consideration will be £500,000, to be satisfied by the  issue
of  Kingsbridge  ordinary shares at 58 pence per share.   Deferred
consideration  of  up  to  a maximum of 50  percent.  of  the  new
entertainment  division's profit in the period to 31  August  2001
will also be payable.

These transactions, which are subject to contract and further  due
diligence,  are complementary to Kingsbridge's existing operations
and   represent  important  developments  in  the  growth  of  the
Company's business.

Further announcements will be made in due course.

Kingsbridge Holdings Plc
Charles Green                           07767 238777
Eric Cater                              07968 978630

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