Lerner With 85.5% Of Villa Shares

Recommended Cash Offer for Aston Villa plc (‘Aston Villa’) by Reform Acquisitions Limited (‘RAL’)

Level of acceptances and extension of Offer

As at 1.00 p.m. (London time) on 4 September 2006, valid acceptances had been received in respect of 9,790,187 Aston Villa Shares, representing approximately 85.50 per cent. of Aston Villa’s issued share capital to which the Offer relates (being 11,449,245 Aston Villa Shares).

This total includes acceptances in respect of 6,508,423 Aston Villa Shares for which RAL had received irrevocable undertakings to accept the Offer, representing approximately 56.85 per cent. of the issued share capital of Aston Villa.

The Offer has been extended and will remain open until 1.00pm on 18 September 2006.

Neither RAL nor any person acting in concert with RAL for the purposes of the Offer held any Aston Villa Shares (or rights over such shares) before 19 September 2005, the first day of the Offer Period, nor has any such person acquired or agreed to acquire any such shares (or rights over such shares) since the commencement of the Offer Period.

This announcement should be read in conjunction with the Offer Document dated 14 August 2006. Terms used in this announcement shall have the meaning given to them in the Offer Document.

Further acceptances

For Aston Villa Shares held in certificated form, Forms of Acceptance not returned should be completed and returned in accordance with the instructions set out in the Offer Document and on the Form of Acceptance so as to be received as soon as possible.

For Aston Villa Shares held in uncertificated form, Electronic Acceptances should be made in accordance with the instructions set out the Offer Document so
that settlement occurs as soon as possible.

Any Aston Villa Shareholder requiring additional Forms of Acceptance, should contact Capita Registrars on 0870 162 3121 or, if calling from outside the
UK, +44 (0) 20 8639 2157 (during normal business hours only).