Disposal of Irish Pitches & Withdrawal of Application for Administration

    Neville Porter plc
                                        
                                 (the "Company")
                                        
    Disposal of Irish Pitches & Withdrawal of Application for Administration
                                        
The Board of Neville Porter plc announces that on 6 May 2008, it disposed of its
pitches at Leopardstown and Galway race courses (the "Irish Pitches") to Michael
Keegan,  a  registered Irish bookmaker, for £170,000. Michael Keegan  is  not  a
related party under AIM Rule 13.

Set out below is a description of the Irish Pitches sold:

Racecourse      Course Type         Ring            List Position

Leopardstown    Flat  & National    Tattersalls           9
                Hunt

Galway          Flat  & National    Tote Line            27
                Hunt

The  gross  gaming  revenue associated with the Irish  Pitches  in  the  current
financial year was £1,012,331, on which a trading profit of £64,688 was made.

The  assets had a net book value of £400,000. The proceeds of the disposal  were
partly utilised to repay Brian Morton's loans, totalling £130,000 which had been
secured against these assets, and became repayable on their sale, as detailed in
the  circular  to  shareholders dated 27 February  2008.   The  balance  of  the
proceeds was used for general working capital purposes.

Following  the  disposal  of the Irish Pitches, the Company  no  longer  has  an
operating  business and as such, the disposal consitituted a fundamental  change
of  business,  and therefore upon the disposal, the Company became an  investing
company as defined by the AIM Rules for Companies.

The  Company  also announces that the application to the Court by a creditor  of
the Company to appoint an Administrator has been withdrawn.

The  Company  intends  to  send circulars to shareholders  in  the  near  future
relating  to  the  proposed Company Voluntary Agreement  and  convening  an  EGM
regarding the Company's future investing strategy.

A further announcement will be made as soon as possible.


For further information, contact:

Company

Neville Porter plc

Simon Walters                               07714 237 523
Neville Porter                              07920 100 400

Broker

SVS Securities plc

Richard Morrison
Peter Manfield                              020 7638 5600

Nominated Adviser

Blomfield Corporate Finance Ltd

Nick Harriss                                020 7489 4500

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