WTL Waterlogic

RNS Number:4907N
World Travel Holdings PLC
21 November 2001


WORLD TRAVEL HOLDINGS PLC


Directors' shareholding and issue of deferred consideration shares


World Travel Holdings plc ("WTH" or the "Company") announces that, on 17
November 2001, the Company allotted 250,000 new ordinary shares and agreed to
release $175,000 of cash from escrow in respect of deferred consideration,
following the early satisfaction of certain performance conditions, in
accordance with the contract for the acquisition of Travac Tours and Charters
LLC which was completed by the Company on 22 January 2001.

WTH also announces that, on 17 November 2001, the Company allotted 64,935 new
ordinary shares to Mr Steven Freudmann, a director of the Company. The issue
of such shares for cash is, pursuant to Mr Freudmann's letter of appointment,
in respect of part of his directors' fees. Following this issue Mr Freudmann
is interested in 74,026 ordinary shares, representing 0.1 per cent. of the
issued ordinary share capital of the Company.

Application has been made to the London Stock Exchange for such new ordinary
shares to be admitted to trading on the Alternative Investment Market and it
is expected that dealings in the new ordinary shares will commence on 27
November 2001.


21 November 2001

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