Embargoed Released: 0700hrs 18th December 2003

                            Prestige Publishing Plc                            

                         (`Prestige' or `the company')                         

Prestige Publishing plc announces that it has received notification from Grant
Thornton who resign as nominated advisors with effect from the close of
business on the 14th of January 2004.

The Board would like to point out that it is standard practice for the company
to be provided with detailed explanation as to why such a decision has been
taken and has been advised by Grant Thornton that the decision is in line with
a change of internal business strategy and is in no way in connection with, or
a reflection of, Prestige's business practices or performance.

Prestige will seek a replacement nominated advisor over the coming days and
shareholders will be kept fully informed with any progress as and when it
occurs.

For Further Information:

Adam Reynolds/Andrew Tan                0207 245 1100                          
                                                                               
Hansard Communications                                                         



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