Wembley PLC
19 July 2005



FOR IMMEDIATE RELEASE

                                                                    19 July 2005

Wembley plc ('Wembley' or the 'Company')

COMPLETION OF US SALE PROCESS AND SHARE REPURCHASE


The Board of Wembley announces that the sale of the US Gaming Division completed
yesterday with the net receipt of approximately $348 million (after adjustments)
from BLB Investors LLC ('BLB').  A cash balance of approximately $14 million
formed part of the assets transferred with the US Gaming Division.


The repurchase of BLB's 7,732,500 ordinary shares in the capital of the Company
was also completed yesterday, following which the repurchased shares were
cancelled.  The aggregate purchase price for these shares was $116 million.
This amount was set off against a promissory note of an identical value that was
paid by BLB to Wembley in addition to the $348 million cash referred to above as
part of the consideration for the sale of the US Gaming Division.


Following the completion of the sale of the US Gaming Division, Wembley no
longer has any trading operations and accordingly, a circular will be despatched
to shareholders as soon as possible convening an extraordinary general meeting
at which shareholders will be asked to put Wembley into a members' voluntary
liquidation and to authorise the cancellation of the listing of Wembley's
ordinary shares from the Official List of the UKLA.



Further enquiries:

College Hill                             Tel:  +44 (0) 20 7457 2020
Matthew Smallwood / Justine Warren






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