RNS Number:7654P
First Artist Corporation PLC
05 August 2005


5 August 2005

                 First Artist Corporation plc ("First Artist")

                            *Business reorganisation
                                *Trading update

Business Reorganisation

First Artist announces that, following the proposed acquisition of ABG Financial
Management ("ABGFM"), and in line with its stated strategy, it will reorganise
the business to allow the group to develop successfully as a broadly based
entertainment and representation group.

The football management business will now operate through a new subsidiary
company called First Artist Management Limited. First Artist Corporation will be
the holding company for our business activities in Financial Management, Player
Representation, Media, Event Management and Sponsorship. This new framework will
also provide us with a structure to integrate easily any future acquisitions
into the group.

The EGM to approve the acquisition of ABGFM will be held on Monday 15 August
2005.

Trading update

First Artist is delighted to confirm that it is experiencing the best summer
football transfer period in the last four years, having already successfully
concluded 50 transactions. The business is enjoying robust trading in all of its
principal operations, namely the UK, Italy and the Middle East, in line with
market expectations. The highlights of the last two weeks of the current
transfer window include:

   *From our Italian office: Jared Borghetti from Pachuca (Mexico) to Bolton
    Wanderers, Diomansy Kamara from Portsmouth to West Bromich Albion and Jesper
    Gronkjaer from Athletico Madrid to Stuttgart;

   *In the UK: Gonzalo Sorondo from Crystal Palace to Charlton and Kevin
    Phillips from Southampton to Aston Villa;

   *In the Middle East: Mohammed Kallon from Monaco to the Al Hittad club in
    Saudi Arabia.

                                      ENDS

For further information:

First Artist Corporation plc
Jon Smith, Chief Executive     Tel. + 44 (0) 20 8900 1818
Richard Hughes, Finance Director

Smithfield Consultants
George Hudson                  Tel. + 44 (0) 20 7360 4900 / m. 07803 603 130

Notes to Editors

First Artist Corporation plc (FAN.LN) was founded by Chief Executive Jon Smith
in 1986. It is one of world's leading football management groups with offices in
London, Milan, the USA and Middle East. It was one of the first football
agencies to IPO, joining the AIM market in December 2001. Prior to the
acquisition of ABGFM, First Artist's primary revenue generation stream was from
commission on the transfer of football players or the renegotiation of their
contracts. The Group is one of a handful of agencies whose personnel hold both
FIFA match and transfer licences. It is working with other leading European
agencies, senior European clubs and leagues to enhance the position, reputation
and transparency of the football transfer market and in particular the role of
agents.

First Artist also offers a complete in-house management service with specialist
divisions for Financial Management, Marketing, Media Management, Television /
Media Production, Event Production and Sponsorship. The Media/Commercial
Division represents top sporting and TV personalities. First Artist's client
roster exceeds 200 individuals primarily involved with the sports and television
industry.

First Artist announced the proposed acquisition of ABG Financial Management Ltd
on 22 July 2005, for a maximum consideration of #3 million in cash and shares.
ABGFM is an IFA focused on providing taxation and financial consultancy
services.



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

END
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