AVD Avid Holdings

    AVID HOLDINGS PLC                               

                      ("the precision engineering group")                      

                (`Avid Holdings', `the Group' or `the Company')                

FORMER CHAIRMAN AND CEO OF JAGUAR LAND ROVER APPOINTED TO THE BOARD

Avid Holdings, the precision engineering group, which is planning to expand
through organic growth in its operating companies and carefully targeted
acquisitions, is pleased to announce the appointment of Bob Dover, the former
Chairman and Chief Executive of Jaguar Land Rover, as a Non-Executive Director
with immediate effect.

Bob Dover, age 63, is currently Visiting Professor of Engineering at Coventry
University and Professor of Industrial Manufacturing at Warwick University. He
is also Chairman of the Advisory Board of the Cambridge University Innovative
Manufacturing Research Centre and the British Motor Industry Heritage Trust. He
is a Director of the Jaguar Daimler Heritage Trust, SinterCast AB and Zeroshift
Ltd.

Following his early career working for the Royal Aircraft Establishment,
Farnborough, Press Steel Fisher, British Leyland UK and Massey Ferguson, he
joined Land Rover as the Director of Manufacturing in 1984 and was appointed to
a similar position at Jaguar Cars in 1987. In 1994 he became Chief Programme
Engineer for the Jaguar XK8 and in 1997 he moved to Aston Martin Lagonda as
Chairman and Chief Executive joining Land Rover in 2000 and Jaguar Land Rover
in 2002.

Jonathan Bobbett, the Group Chief Executive, of Avid commented:

"Bob Dover has an outstanding record as one of the UK's leading engineers and I
am delighted that he is joining the Board of Avid at this time. His knowledge
and skills will be invaluable as we seek to expand the Group through further
acquisitions and increase the sales and the range of products manufactured
within the existing Group companies."

Robert Alan Dover FREng FlMechE FRSA FLED is a director, and has been a
director in the last five years, of the following companies:

Current Directorships:

Jaguar Daimler Heritage Trust

British Motor Industry Heritage Trust

Zeroshift Limited

Traction Technology (UK) Limited*

Traction Technology Holdings Limited

Traction Technology plc

50 Hans Place Freehold Limited

SinterCast AB

Inter City Group Limited

Salgglas Zrt

Previous Directorships within the last 5 years:

Eneco Limited*

Land Rover Exports Limited

Land Rover Group Limited

Land Rover

Jaguar Cars Exports Limited

Ford LRH

Red Bull Racing Limited

Ford JL Limited

Jaguar Cars Limited

*Eneco Limited went into Administration in April 2006 and subsequently into
creditors' voluntary liquidation in April 2007. The assets of Eneco Limited
were purchased by Bob Dover and one other party and were used to form Traction
Technology (UK) Limited in May 2006. As there were limited cash resources
available, the board of Traction Technology Plc announced on 3 July 2008 that
it had ceased to provide funding to its operating subsidiary, Traction
Technology (UK) Limited and decided to commence proceedings for its creditors'
voluntary liquidation.

There are no further disclosures to be made under Schedule Two, paragraph (g)
of the AIM Rules for Companies.

For further information contact:

Jonathan Bobbett, Chief Executive

Avid Holdings Plc

Tel: +44 (0)1622 872 022

http://www.avidholdings.co.uk

Nominated Adviser

Zeus Capital Limited

Ross Andrews

Ben Thompson

Tel: +44 (0) 161 831 1512

Stephen Goschalk, Stockbroker

Newland Stockbrokers Limited

Tel: +44 (0) 20 7290 2400

Brian Coleman-Smith / James Verstringhe, Financial Public Relations

Cubitt Consulting Limited

Tel: +44 (0) 20 7367 5100

Background note

Avid focuses on acquiring stable and profitable businesses within the precision
engineering sector. As the target sector is highly fragmented the Company
strongly believes that value can be added through consolidation.

The Group came into being through the acquisition of 3 Point Blue, which was
founded by Jonathan Bobbett, the Group's Chief Executive, and was reversed into
Euro Investment Fund plc in June 2006 and changed its name to Avid Holdings plc
on being Admitted to trading on AIM in June 2006. Since then the Company has
made two further acquisitions.

Pill Protect

3 Point Blue then became the first operating company in the emerging Group
changing its name to Pill Protect which provides pharmaceutical companies with
child resistant and senior friendly packaging solutions for their blister
packed drugs.

Electro-Mec

Electro-Mec, founded in 1969, is a precision engineering business producing
high quality blister pack change tooling for the pharmaceutical industry (from
which it generates the majority of its revenues) as well as offering some
machining and assembly for the defence industry. It was acquired in February
2007 for a total consideration of �1.55 million of which �759,000 is dependent
on future profits.

Alpha Anodising

Alpha was established in 1972 and is a high quality metal finishing business
based in Buckinghamshire. It has developed a highly diversified customer base
due to its specialised expertise and reputation. Its offerings include a wide
range of production techniques such as mechanical and chemical finishes, high
quality surface and sub-surface printing, as well as professional design and
prototyping services. The company supplies the medical, scientific, defence and
audio industries. It was acquired for �799,813 of which �120,000 was deferred.



END

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