RNS Number:9987O
Proactive Sports Group PLC
22 August 2003


           PROACTIVE SPORTS GROUP PLC ("PROACTIVE" OR THE "COMPANY")


                    CANCELLATION OF SHARE PREMIUM ACCOUNT &
                           REDUCTION OF SHARE CAPITAL


Proactive Sports Group PLC (the "Company") announces, further to the special
resolutions passed by the Company at the Extraordinary General Meeting held on
22 July 2003 which resolved to cancel the share premium account of the Company
and reduce the issued share capital of the Company, and as detailed in the
circular to shareholders dated 27 June 2003, that:

on 20 August 2003 an order was passed by the High Court of Justice to confirm
cancellation of the amount #9,528,371 standing to the credit of the share
premium account of the Company and reduction by #61,600 in the authorised and
issued share capital of the Company; and that

on 21 August 2003 such order was produced and registered with the Registrar of
Companies pursuant to section 138 of the Companies Act 1985.

Following this cancellation of 6,160,000 ordinary shares, the Company's issued
ordinary share capital is 98,288,148 ordinary shares of 1p each.



Enquiries

Mark Page
Proactive Sports Group PLC:                                    01625 540503

Mark Taylor
Charles Stanley and Company Limited:                           0207 953 2000


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