Personal Group Holdings plc:
company announcement 27/02/2002

The directors are pleased to report that company performance for the year ended 31 December 2001 is in line with market expectations. In addition, the property formerly occupied by the Group has now been fully sub-let and therefore the directors anticipate that they will be able to release a substantial proportion of the £340,000 provision made in the financial statements for the year ended 31 December 2000.

The directors are pleased to announce that a second interim dividend of 3.3p per share, in respect of the year ended 31 December 2001, will be paid on 27 March 2002 to members on the register on 8 March 2002. In the absence of unforeseen circumstances, the directors expect to recommend a final dividend in respect of the year ended 31 December 2001 for approval at the Annual General Meeting to be held on 23 April 2002. On the assumption that the existing strong solvency position of the group is maintained the directors anticipate that they will adopt the policy of three dividend payments a year for the foreseeable future.