Statement re. Suspension

RNS Number:8940O
Topnotch Health Clubs PLC
20 August 2003


FOR RELEASE 4.20PM 20 AUGUST 2003


                            Topnotch health clubs plc

                         ("Topnotch" or "the Company")


                     SUSPENSION OF TRADING OF SHARES ON AIM


As shareholders are aware, over the past few months the company has been going
through a major restructuring programme in order to secure its future viability.
Trading conditions remain difficult and the Company continues to trade at a
loss. The Company is in advanced negotiations regarding the sale of one of its
clubs which, if successful, will reduce the Company's indebtedness.


This restructuring programme has involved a number of asset disposals to reduce
debt and negotiations with certain major creditors (including Esporta plc in
relation to the debt remaining from the acquisition of Espree leisure and the
landlords of certain potential new clubs which the company does not have the
funds to develop) alongside discussions to reschedule the company's bank debt.


To date the Company's bankers, National Westminster Bank plc, have remained
supportive of this programme, despite the continued uncertainty.


The negotiations with creditors have now reached a crucial stage. While your
board believes that it may be possible to reach agreement with these creditors,
such that the requirements of National Westminster Bank plc can also be met, the
outcome of these negotiations remains uncertain. In the meantime the company is
reliant on the continued support of National Westminster Bank plc whose
facilities are repayable on demand.


Your board hopes to bring the negotiations to a conclusion in the next few
weeks.


Pending the outcome of these negotiations and clarification of the Company's
financial position, the Company has requested the suspension of the trading of
its shares on AIM.


For further information:


Topnotch health clubs plc                                     020 7381 7501

Matthew Harris, Chief Executive


Beattie Financial                                             020 7398 3300

Brian Coleman Smith / Amanda Sheehy








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