RNS Number:8532P
Base Group PLC
17 September 2003



                          Basegroup plc: AGM Statement


Basegroup plc, ("Basegroup"or "the Group") a leading sports management and
representation company, today made the following statement at the Group's Annual
General Meeting.


"Since the period ended February 2003, the Group has continued to incur
substantial losses as a result of the continuing difficulties in the football
market as evidenced by the much reduced activity in the August transfer window
which was well below the Board's expectations.


Given the arrangements whereby revenue earning opportunities are concentrated in
two transfer "windows" in August and January, the Board does not envisage a
return to month-by-month profitability in the remainder of this calendar year,
and expects the Group to incur significant losses in this period.


The Board has received an approach from a director of Base, Mr Leon Angel
regarding the purchase of the football business from the Group by him.


In order to progress negotiations, Mr Angel has resigned from the Board of Base
with immediate effect.


A further announcement will be made in due course."

ENDS


For further information please contact:

Paul Vann, Emma McCaffrey,
Sam Allen
Binns & Co PR Ltd
Tel: 020 7786 9600



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