Re Agreement

Tottenham Hotspur PLC 22 March 2002 22 March 2002 Enquiries: Daniel Levy, Tottenham Hotspur plc tel: 020 8394 5000 John Bick, Holborn tel: 020 7929 5599 Tottenham Hotspur plc Proposed Options to purchase land Proposed development of the Tottenham Hotspur Football Academy Tottenham Hotspur Football Club ('THFC') and Abridge Golf & Country Club (Abridge) in Abridge, Essex today confirmed that they have reached an agreement, subject to approval by members at the forthcoming Abridge EGM, to be held on 9th May, that includes an association between the two clubs and the acquisition by THFC of options to purchase land adjacent to the Golf Club, for the proposed development of the Tottenham Hotspur Football Academy ('the Academy') and First Team training facilities. THFC has also entered into a conditional purchase agreement of additional land and buildings with an adjoining landowner, which together with the options to acquire the land from Abridge totals approximately 55 acres. Tottenham Hotspur will be submitting a planning application following detailed discussions with the Local Authority. A full public consultation will then follow. The purchases will be conditional upon the grant of planning permission. The total cost of the land purchases is estimated to be £2.5 million and would be financed out of existing facilities. Commenting, Daniel Levy, Chairman of Tottenham Hotspur plc, said: 'Both agreements are conditional upon obtaining detailed planning permission. We are hopeful that we have found an ideal location for a state-of-the-art, world class facility that will support all of our future Academy requirements. Our long-term strategy is to focus on the development of home grown talent and to build on the success of our young players, in order to gain a more competitive edge in the coming years.' - ENDS - This information is provided by RNS The company news service from the London Stock Exchange
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