PDE Pennine Down

RNS Number:2612S
Preston North End PLC
9 October 2000


Preston North End plc (the "Company")

Result of Annual General Meeting and Allotment of New Ordinary Shares

At the Annual General Meeting of the Company ("AGM") held at Deepdale, Preston
at 6.30pm on 6 October 2000, all the Resolutions, as set out in the Notice of
the Company's AGM, put before shareholders were voted on and duly passed.

As a result the Company has duly issued and allotted 437,500 new ordinary
shares of #1 each to two institutions at a price of 240 pence per share to
provide further working capital for the Company.  The details of this private
placing are as follows;

Institution         No. of new ordinary    Subsequent        % holding in     
                    shares issued and      shareholding in   enlarged issued
                    allotted               the Company       ordinary share   
                                                             capital of the   
                                                             Company          
                                                           
The AIM Trust plc   333,333                 839,527          25.47

Pennine Downing
Ethical VCT Plc     104,167                 104,167          3.16

The new ordinary shares issued pursuant to this private placing will rank pari
passu in all respects with the existing ordinary share capital of the Company.
Application has been made to the London Stock Exchange for the admission of
the 437,500 new ordinary shares to trading on the Alternative Investment
Market and it is expected that dealings in these shares will commence on 12
October 2000.

Following admission the authorised and  issued ordinary share capital of the
Company will be 3,296,678 Ordinary Shares of #1 each.

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