AVD Avid Holdings

    FOR IMMEDIATE RELEASE

                               AVID HOLDINGS PLC                               

                            ("Avid" or "the Group")                            

                             Share Price Movement                              

The board note the recent increase in the company's share price and can confirm
that they are not aware of any reason for this.

As announced on 21 October the Company is continuing to seek short-term finance
and will make a further announcement in due course.

For further information contact:

Jonathan Bobbett, Chief Executive
Avid Holdings plc

+44 (0) 1622 872 022

Ross Andrews, Nominated Adviser

Zeus Capital Ltd

+44 (0) 161 831 1512



END

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