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Kingsbridge Hldgs (PNC)

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Wednesday 05 February, 2003

Kingsbridge Hldgs

Possible Sale of Subsidiary

Kingsbridge Holdings PLC
05 February 2003


KINGSBRIDGE HOLDINGS PLC
5 FEBRUARY 2003


KINGSBRIDGE HOLDINGS PLC ('Kingsbridge')


POSSIBLE SALE OF SUBSIDIARY


The Board of Kingsbridge announces that it has reached agreement in principle
with Ross Hyett (a former director of Kingsbridge) and certain of his management
team for the sale of the share capital of IFP Investments Limited.  This company
comprises the IFA business carried out at the offices in Harrogate and London
which was acquired in 2001 as part of the acquisition of the Stafford Group Plc.
It should be emphasised that no legal agreement has been reached and that
there are a number of outstanding issues to be resolved.

A further announcement will be made in due course once legal formalities are
completed.

Enquiries:

Kingsbridge Holdings Plc             01423 523 311
Martin Greenwood - Chief Executive



TEATHER & GREENWOOD LIMITED          020 7426 9000
Christopher Hardie


                      This information is provided by RNS
            The company news service from the London Stock Exchange