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Kingsbridge Hldgs (PNC)

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Friday 27 April, 2001

Kingsbridge Hldgs

Rslt of Placing & Open Offer

Kingsbridge Holdings PLC
27 April 2001

                           KINGSBRIDGE HOLDINGS PLC

                    Results of the Placing and Open Offer

             Results of the Extraordinary General Meeting ('EGM')

Kingsbridge Holdings Plc, ('Kingsbridge' or 'the Company'') a provider of
financial services and advice, focusing on sports and entertainment clients,
announces the results of the Placing and Open Offer of up to 25,572,423 new
Kingsbridge shares at 73p per share to raise approximately £18.7 million
(before expenses) and the result of the EGM held today.

Results of the Placing and Open Offer

Applications under the Open Offer closed at 3.00pm on Wednesday 25 April 2001
being the latest time and date for receipt of acceptances under the Open

Of the 12,072,413 new Kingsbridge shares, which were subject of the Open
Offer, 5,224,056 new Kingsbridge shares, which the Directors irrevocably
undertook not to take up under the Open Offer, were placed firm with
institutional investors. A further 13,500,000 New Ordinary Shares were placed
firm by Teather & Greenwood Limited under the firm placing.

Valid applications from qualifying shareholders were received for 3,151,208
new Kingsbridge shares, representing 46.0 per cent. of the 6,848,357
Kingsbridge shares available under the open offer, which were not firm placed.
The 3,697,149 new Kingsbridge shares, which were not taken up under the Open
Offer were placed with institutional and other investors at 73p per share.

The gross proceeds of the Placing and Open Offer and the placing of those
shares not taken up under the Open Offer were approximately £18.7 million.
Dealings in the new Kingsbridge shares are expected to commence on Monday 30
April 2001 and CREST accounts will be credited on the same day. New share
certificates will be despatched to shareholders by 8 May 2001.

On Admission of the New Ordinary Shares, the beneficial interests of the
Directors for the purposes of section 324 of the Companies Act 1985 will be as
                       Number       Percentage of enlarged issued share capital
David Mckee        10,976,880                          12.4%
Kevin McMenamin     9,643,400                          10.9%
John Murray         3,500,000                          4.0%
Ross Hyett          3,044,281                          3.4%
Charles Green       2,000,000                          2.3%
Eric Cater            360,000                          0.4%
Martin Greenwood      240,000                          0.3%

Results of the Extraordinary General Meeting

At the EGM of the Company held today, all the resolutions, including the
resolutions relating to the Placing and Open Offer and the proposed
acquisition of Stafford Group plc were duly passed by shareholders.

Charles Green, Chairman, commented:

'Kingsbridge has made significant progress in the period since its flotation
on AIM in July 2000 and (Stafford, trading as the Independent Financial
Partnership Limited, a leading independent financial adviser, will further
enhance the Group. The Independent Financial Partnership Limited has strong
growth potential in its chosen niche markets which are complementary to those
of Kingsbridge.

'The offer was well received and those shares not taken up under the Open
Offer have been successfully placed with institutional and other investors at
the offer price.

'The Directors believe that the acquisition will significantly strengthen the
Group's support systems and infrastructure and assist the Company in securing
its position of becoming a leading provider of independent financial advice.

'We anticipate further development of the business through a combination of
organic growth within its existing business and further acquisitions, where
they meet the Group's stringent investment criteria. Current trading is in
line with management expectations.'

                                                                 27 April 2001


Kingsbridge Holdings Plc                           Tel: 0115 852 3620
Charles Green                                      Tel: 07767 238777
Eric Cater                                         Tel: 07968 978630
College Hill Associates                            Tel: 020 7457 2020
Michael Padley / Nicholas Nelson