FILED BY TRANSWORLD HEALTHCARE, INC.
                                                   COMMISSION FILE NO. 001-11570
                  PURSUANT TO RULES 165 AND 425 UNDER THE SECURITIES ACT OF 1933
                             SUBJECT COMPANY: TRANSWORLD HEALTHCARE (UK) LIMITED

[TRANSWORLD HEALTHCARE LOGO]


FOR IMMEDIATE RELEASE               For further information, contact:
    MAY 1, 2002                     Jack Wynne, Chief Financial Officer
                                    212-750-0064, jack.wynne@transworldhc.com
                                                        OR
                                    Susan Lewis, 303-804-0494, pairelate@aol.com

                        TRANSWORLD HEALTHCARE, INC. FILES
                       REGISTRATION STATEMENT ON FORM S-4

         NEW YORK, NY ... MAY 1, 2002 ... Transworld Healthcare, Inc.
(AMEX:TWH), a leading provider of flexible healthcare staffing services,
announced today it has filed a Registration Statement on Form S-4 with the
Securities and Exchange Commission to register shares to be issued in connection
with the Company's previously announced corporate reorganization. The filing on
Form S-4 includes a copy of the definitive reorganization agreement, a
prospectus for the securities being offered in the reorganization, proxy
information regarding the Company's shareholders' meeting, and other
information.

         New York-based Transworld Healthcare, Inc. provides a broad range of
alternate site healthcare services, primarily in the United Kingdom. The company
provides flexible healthcare staffing services in the U.K. through its
subsidiary, Allied Healthcare Group, Ltd.

Certain statements contained herein are forward-looking statements that have
been made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve known and
unknown risks and uncertainties which may cause actual results in future periods
or plans for future periods to differ materially from those described herein as
anticipated, believed or estimated.

Transworld Healthcare, Inc. has filed a Registration Statement on Form S-4 with
the Securities and Exchange Commission that includes a copy of the definitive
reorganization agreement, a prospectus for the securities being offered in the
reorganization, proxy information regarding the shareholders' meeting, and other
information. Please read the Registration Statement and all other documents we
filed with the SEC because they contain important information regarding the
reorganization. The documents are available at the SEC's website (www.sec.gov).
When the Registration Statement becomes effective, copies of the prospectus and
proxy materials can be obtained without charge by directing a request to
Transworld Healthcare, Inc., 555 Madison Avenue, New York, New York 10022, Attn:
Mr. John B. Wynne.

This press release is neither an offer to sell nor a solicitation of an offer to
buy securities. An offer will be made only by the prospectus to be included in
the Registration Statement. This press release is being issued in accordance
with Rule 165 promulgated under the Securities Act of 1933, as amended.



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