RNS Number:3095N
Chelsea Village PLC
08 July 2003



                              Chelsea Village plc

                                (the "Company")

                                 Board changes

Following the posting of the offer document relating to the recommended
mandatory cash offer by Citigroup on behalf of Chelsea Limited for the Company,
the board of the Company today announces that Eugene Tenenbaum, Richard
Creitzman and Eugene Shvidler have joined the board of the Company and Simon
Arthur, Lorraine O'Brien, Michael Woodward, Mark Taylor and and Patrick Murrin
have resigned from the board.




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