LPY Leisureplay

    Date: 27 July 2004 : ANNOUNCEMENT FOR IMMEDIATE RELEASE

                                LEISUREPLAY PLC                                

                    Renegotiation of Subsidiary Acquisition                    

Leisureplay Plc (To be renamed CAPLAY PLC - "the Company"), announces that its
wholly owned subsidiary Chartcity Limited ("Chartcity") has today entered into
a Deed of Variation ("Deed") with the administrators of the Front Room Limited
whereby the purchase price for seven licensed premises which it agreed to
acquire in October 2003 has been reduced from �1.5 million to �925,000. Certain
of Chartcity's obligations under the Deed are being guaranteed by the Company.
The premises being acquired are in Portsmouth Windsor and London. The Company
announced on 30th June its intention to dispose of its investment in Chartcity
and is in advanced negotiations for the sale of two of these premises.

For further information please contact:

Philip Reid, Chairman

Leisureplay PLC

Tel. +44 (0) 7789 55 55 44

Ben Simons

Hansard Communications

Tel. 020 7245 1100



END

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