RNS Number:0529S
Base Group PLC
13 November 2003


                    Base Group plc ("Base" or "the Company")


Disposal of the entire share capital of Time Management Global Limited ("TMG")
and Base Soccer Agency Limited (together "the Soccer Businesses")

The Directors of Base report that the entire issued share capitals of the Soccer
Businesses have been sold to Base Sport Limited, a newly formed company of which
Leon Angel, a former director of Base, has a majority stake.

Unaudited management accounts for the six months ended 31 August 2003 indicate
that the Soccer Businesses generated an aggregate loss before taxation of
approximately #560,000. According to the same management accounts, the aggregate
net liabilities of the Soccer Businesses as at 31 August 2003 were approximately
#850,000.

The consideration for the sale is #1 in cash for each company with all
liabilities remaining the responsibility of the Soccer Businesses, other than
the amounts due to Base totalling approximately #1 million, which are to be
written off by the parent company.

The Soccer Businesses are agents for football players and management, but have
had an extremely disappointing year as a result of the worsening in the fortunes
of the football sector in general. This is reflected in a significant reduction
in the number of transfers completed and the value of such transfers thereby
adversely impacting the revenue generating prospects for the Soccer Businesses.
This has been exacerbated by the recent introduction of the transfer windows
between May and August and in January. With the prospect for the short-term
future being extremely limited due to there only being a one month transfer
window in the next six month period, there is likely to be no significant cash
inflow until mid 2004 at the earliest. As such, the Directors do not believe
that the Soccer Businesses remain commercially viable and having considered the
matter with the Company's advisers, are of the opinion that preserving the
remaining cash within the Company (which will total approximately #500,000 after
payment of costs) is preferable to risking that the group would run out of cash
before the summer transfer window opens.

Discussions were held with potential purchasers of the Soccer Businesses, but
negotiations did not lead to any formal offers being received. With the only
alternative being the closure of the Soccer Businesses, the Board considered an
approach from Leon Angel, a former director of Base and the previous owner of
the Base Soccer Agency, to acquire the Soccer Businesses for #1 each, assuming
all liabilities, other than inter-company debt due to Base, but including the
lease at Little Portland Street, London W1 which does not expire until 2007 and
has a cost of more than #100,000 per annum.

Following the sale, Base will be a shell company with no trading activities and
approximately #500,000 in the bank and no on-going overheads, other than basic
plc running costs.

The Board, having consulted with its nominated adviser, Collins Stewart, believe
that the terms of the transaction are fair and reasonable insofar as its
shareholders are concerned. Having due regard to the significant cash outflow
currently being experienced in the business, and the expected cash outflow in
the period until March 2004, the Directors believe that the best course of
action is to sell the operations of the Group through the disposal of the Soccer
Businesses.


13 November 2003



For further information contact: Adrian Bradshaw, Chairman         020 7495 5524


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

DISNKNKDABDDKDD