Statement: Standstill/Press Speculation - leedsunited.com 16/1/04

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Leeds United Football Club - Statement: Standstill/Press Speculation Leeds United plc today released the following statement to the Stock Exchange: Re - Financial restructuring standstill agreement and press speculation The Directors of Leeds United note this mornings press coverage regarding Sheikh Abdulrahman Bin Mubarak Al Khalifa. The Directors reconfirm that they are in continuing, constructive discussions with a number of parties regarding proposals to purchase the Company's business and assets or to inject funds. However, none of these interested parties' proposals contemplates an offer for the Company's shares. In addition they confirm that, to date, the Company has not received any satisfactory evidence from Sheikh Al Khalifa that funds exist to fulfil any proposal currently under discussion between him and the Company. The Directors further confirm that they are continuing discussions with the Company's principal finance creditors with a view to extending the Standstill (as defined in the Company's announcement of 4 December 2003) beyond 19 January 2004. The Board will issue a further statement as soon as practicably possible when the outcome of such discussions are known.

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