Avid Holdings PLC                               

                     Resignation of Non-Executive Director                     

Mike Nash, a Non-Executive Director of Avid Holdings plc, has decided to step
down with immediate effect having completed his contract. The Board would like
to thank Mike for his valued contribution and wish him well for the future.

The Board have no immediate plans to appoint another Non-Executive Director.


Contact:

Jonathan Bobbett, Chief Executive
Avid Holdings Plc
Tel: +44 (0)1622 872 022

http://www.avidholdings.co.uk

Ross Andrews, Nominated Adviser
City Financial Associates Limited
Tel: +44 (0)207 492 4777

Stephen Goschalk, Stockbroker
Newland Stockbrokers Limited
Tel: +44 (0)207 290 2400



END
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