30/06/2000

The authority to buy-back up to 12.5% of the issued share capital of Stagecoach Holdings plc was approved at the company's EGM held at 11 am today.

Proxy votes were also received from over 69% of the shares in issue, as follows:

For the resolution to authorise the Company to purchase its own ordinary shares, 950.3m; Against 12.3m; Abstaining 6.0m.

Stagecoach also announces that Russell Walls (56) has joined the Board as an independent Non-executive Director with immediate effect.

Russell is the Finance Director of BAA plc and brings considerable international experience to the Stagecoach Board.