SWD Sportsworld

RNS Number:4000V
Sportsworld Media Group PLC
7 December 2000

7 December 2000


                         SPORTSWORLD MEDIA GROUP PLC


                  EXTRACTS FROM THE CHAIRMAN'S AGM STATEMENT


At today's Annual General Meeting of Sportsworld Media Group plc, the
Company's Chairman, John Bernbach, made the following comments:


"As we indicated at the preliminary results in October, the new financial year
has started strongly, and trading continues to be comfortably in line with the
Board's expectations. We are winning new programme contracts, developing
further brand-sponsored series and generating considerable interest in our
recently launched Chilli Television, a new youth and sports lifestyle
production company. In addition, recent acquisitions are bedding in well and
will make significant contributions in the current year.


We continue to benefit from expanding our portfolio of sports media businesses
in a developing television market which is experiencing strong demand for
sports programming and at a time when marketing budgets are no longer spent on
traditional forms of advertising but in programme and sports sponsorship.

Last month, we announced plans to acquire the exclusive marketing and media
rights for the Association of Surf Professionals for the next five years. As
the largest free sport in the world, surfing complements the marketing and
media rights we already have in windsurfing, snowboarding and triathlon and
brings the total number of events managed by Sportsworld to over 60.


There is good momentum in both the Group and within its markets and we look
forward with great confidence to the rest of the year.


Bonuses totalling #500,000 payable to Geoff Brown, the Company's Chief
Executive and Andrew Fletcher, the Finance Director, during the year ended 30
June 2000 were capitalised as part of the acquisition costs of Sports and
Outdoor Media International plc and included in the goodwill that arose as a
result of that acquisition. Geoff Brown has subsequently elected to waive his
entitlement to the full amount of his bonus, amounting to #325,000, and Andrew
Fletcher has elected to waive half the amount of his bonus, being #87,500.


The accounting entries to reflect the waiving of these entitlements will be
properly disclosed in the Company's next Report and Accounts, which will cover
the year ending 30 June 2001, as well as in the Interim Accounts for the six
months ended 31 December 2000."

Enquiries:
Geoff Brown, Chief Executive
Sportsworld Media Group plc                       Tel: 020 7240 9626

Jag Mundi / Lee Aston
Investec Henderson Crosthwaite                    Tel: 020 7597 5970

Tim Spratt / Tania Wild
Financial Dynamics                                Tel: 020 7831 3113

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