RNS Number:6280J
Clubhaus PLC
03 April 2003



Thursday 3 April 2003: for immediate release





John Hume, Chairman
Charlie Parker, Managing Director
Clubhaus PLC                                   Tel: 0870 240 8924



Capel Irwin
KBC Peel Hunt Limited                          Tel: 020 7418 8900



Giles Sanderson/James Melville-Ross
Financial Dynamics                             Tel: 020 7831 3113





Clubhaus PLC






                          Disposal of Fox Club, London


Clubhaus PLC ("Clubhaus" or "the Group") is pleased to announce the disposal of
the business and assets of the Fox Club, its London members club.



Today's announcement is in line with the Group strategy of disposing of non-core
assets to reduce gearing and improve the prospects for the future growth and
development of the Group.  The Fox Club did not fall within the UK Country Club
format, which is the core focus of the Group.



The Fox Club has been sold to Fox Club Capital Limited for a total consideration
of #1.5 million in cash.  Proceeds from the sale will be used to reduce Group
bank borrowings.  In the year ended 30 September 2002, the loss after interest
but before tax attributable to the assets and business being disposed of was
#0.8 million from a turnover of #0.4 million.  These numbers have been extracted
from the audited accounts of the Clubhaus subsidiary company that owned and
operated the club for the year ended 30 September 2002.  The gross book value of
the business and assets sold at 30 September 2002 was #1.45 million.



Commenting on the announcement, Charlie Parker, Managing Director of Clubhaus
plc, said:



"The sale of the Fox Club completes the Group's disposals of its non-core
businesses.  Now we can focus wholeheartedly on our successful Country Club
format".






DETAILS OF THE GROUP'S PROPERTIES



11 core clubs:
1. Benton Hall Golf Club, Witham, Essex **
2. Castle Royle Golf and Country Club, Knowl Hill, Berkshire *
3. Chartham Park, East Grinstead, West Sussex **
4. The Essex Golf and Country Club, Earls Colne, Essex *
5. Mapledurham Golf & Health Club, Mapledurham, Berkshire *
6. Mentmore Golf & Country Club, Mentmore, Bedfordshire *
7. The Club at Meyrick Park, Bournemouth, Dorset *
8. Nizels Golf and Country Club, Hildenborough, Kent *
9. Seedy Mill Golf Club, Lichfield, Staffordshire **
10. The Tytherington Club, Tytherington, Cheshire *
11. The Warwickshire, Leek Wootton, Warwickshire **



* Country clubs constructed

** Country club planning consent obtained





                                - Ends -




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