West Ham United Press Announcement

The following statement was issued to the London Stock Exchange on October 12, 2006:

Statement regarding possible offer for West Ham United Plc ("West Ham" or the "Company")

Eggert Magnusson notes the recent press comment regarding the possibility that he will, under Rule 2.5 of the City Code on Takeover and Mergers (the "Code"), make an announcement of a firm intention to make an offer for West Ham ("Offer").

Mr Magnusson confirms that he and his advisors have engaged in initial discussions with the Company and its advisors in respect of a possible Offer, although there can be no certainty that such discussions will lead to an Offer, nor of the price of any such Offer.