AOB Acquisitor(Ber)

RNS Number:2643Y
Acquisitor Holdings (Bermuda) Ltd
04 May 2004



                                                                      4 MAY 2004
                       
                       ACQUISITOR HOLDINGS (BERMUDA) LTD.
                  (Ticker: Reuters AOB.L or Bloomberg: AOB LN)

Acquisitor Holdings achieves 63% return on investment on sale of Aldila position

Acquisitor Holdings (Bermuda) Ltd. ("Acquisitor Holdings or "the Company")
announces that it has sold its entire position in Aldila, Inc., the leading US
manufacturer of graphite golf shafts, (ALDA - Nasdaq - $8.33) ("Aldila"),
consisting of 379,616 shares of Common Stock. The Company disclosed this sale on
an amendment to its Statement of Beneficial Ownership on Schedule 13D filed with
the United States Securities and Exchange Commission on 30 April 2004.

Duncan Soukup, Deputy Chairman of Acquisitor Holdings, commented: "Aldila is a
great 'case study' of our business model in action. From an initial cost basis
of $5.00 per share we saw the stock fall to a low of $1.00 as investors gave up
on the Company and its management. We, however, spent time analysing
management's plans to cope with the decline in both unit sales and unit selling
prices and, rather than selling, increased the size of our holding. We succeeded
in reducing our average cost and, whilst management slashed overhead, waited
patiently for demand and pricing power to return. The net result is that we
achieved a gain on the disposal of our Aldila position of approximately $1.1
million or a 63% return on investment."

"I would like to take this opportunity of thanking Pete Mathewson, Chairman &
CEO, and his team at Aldila for the results they have achieved in a difficult
environment and wish them every success in the future."

Acquisitor Holdings is on a September year end and will shortly be issuing
interim results for the period ended 31 March 2004. The sale of the Company's
Aldila position will not be reflected in the Company's interim results. The
interim results will, however, reflect the fact that the Company made no
material income from disposals during the first six months of fiscal 2004.

Acquisitor Holdings endeavors to achieve a high rate of capital growth for its
shareholders by acquiring significant holdings in companies, which the members
of its Board of Directors consider to be fundamentally sound but which are
valued at a discount to the Directors' estimate of their private market value.

Enquiries:

Bishopsgate Communications Ltd                              Tel: 020 7430 1600
Maxine Barnes/Dominic Barretto
Email: maxine@bishopsgatecommunications.com

Information on the Company can also be obtained at:
www.acquisitorholdings.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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