Parkwood Holdings plc                             

RNS release 18 April 2006

                    Board appointment and contracts update                     

Board appointment: Richard Tolkien joins as non-executive director

Parkwood Holdings plc, the public support services specialist, has appointed 
Richard Tolkien as a non-executive director with effect from 1st May 2006.
Richard, aged 51, has been recruited to replace Chris Marsh, who retires at the
company's Annual General Meeting on 4th May.

Richard started his career at HM Treasury and then spent 15 years at Morgan
Grenfell and 6 years at HSBC where latterly he was joint head of the Corporate
Finance and Advisory division, a role which he relinquished in 2002. He then
acted as advisor to Macquarie Bank and since early 2005 has been a Managing
Director of RBS Capital Markets in Europe. He is also a non-executive director
of Share plc.

Tony Hewitt, Executive Chairman of Parkwood Holdings plc, commented:

"We are pleased to welcome Richard to the board of Parkwood. He joins at a time
of many exciting developments within the Group and brings a wealth of
experience which will be invaluable in helping the Group to deliver its full
potential."


Contracts update

The Group is pleased to be able to announce the completion of a number of new
contracts and contract extensions within its Leisure division, including
further expansion within the new private health and fitness market. Using the
Group's standard order book policy of taking expected revenues to a 10 year
horizon, the Leisure order book has, as envisaged at the time of the annual
report, increased to �253 million from �143 million at 31 December 2005.

Since the date of the Annual Report, contract extensions have been completed at
Redbridge (4 Leisure sites), Lewisham (Ladywell Leisure Centre) and Eden
(Penrith and Appleby Leisure Centres). The planned contract with Cardiff City
Council to operate the new Cardiff International Sports Village Centre has now
been signed and will operate for 10 years from December 2007.

The Leisure order book includes �31 million (31 December 2005: �nil) in
relation to anticipated business in the private health and fitness market.
Following the signature of the contract for a private health and fitness club
at Salisbury as described in the annual report, contracts have now been
exchanged to take over leases at two further private health and fitness clubs
in Hitchin and Potters Bar. Completion is expected to take place on 2nd May,
with the sites expected to bring around �1.5 million of additional revenue per
year.

As envisaged in the Annual Report, Parkwood (PFI) Projects Limited has reached
financial close on a variation to the existing contract with the London Borough
of Bexley which relates to the construction and operation of a new Leisure
Centre in Sidcup. The new centre is expected to open in the summer of 2007.

For further information, please contact:

Tony Hewitt, Executive Chairman 
Charles Bithell, Financial Director
Parkwood Holdings plc
01772 627 111

Neil Boom/Dave Pettet
Gresham PR Ltd.
020 7404 9000


Information on Parkwood Holdings plc can be accessed via the company's website
at www.parkwood-holdings.co.uk


Notes to editors:

About Parkwood Holdings plc:

Parkwood Holdings plc specialises in providing outsourced and support services,
predominantly to the public sector across England and Wales under long term
contracts. Its four main areas of operation are as follows:

Glendale - provides amenity horticulture, grass cutting, arboriculture and care
of sports pitches, parks and open spaces. The division also includes golf
course management, green waste recycling, environmental consultancy and
horticulture.

Parkwood Leisure - manages a diverse range of public and private leisure
facilities, including swimming pools, sports halls, gyms, health suites and
catering operations.

PFI Projects - undertakes PFI, PPP and similar bids on behalf of joint ventures
and the Group. Parkwood PFI is also responsible for project management of
contracts and the management of other funds such as the lifecycle funds
associated with the project agreement.

Healthcare - a nursing agency and an ambulance and patient transport business,
Parkwood Healthcare operates in London and the South East, dealing both with
the NHS and the private sector.



END
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