RNS No 5167p
CITY SITE ESTATES PLC
22nd October 1997


CITY SITE ESTATES PLC ("the Company")
PURCHASE OF 5.25% CNV CUM RED PREF SHARES

The Company announces that on 21st October 1997 it acquired 370,000 Convertible
Preference Shares in the Company at 75p per share for cancellation.

END

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