RNS No 5440b
CITY SITE ESTATES PLC



                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

CITY SITE ESTATES PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

WIGMORE PROPERTY INVESTMENT TRUST PLC

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

SHAREHOLDER

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

BARCLAYS NOMINEES (GRACECHURCH) LTD
8615A
947,000

5)  Number of shares/amount of stock acquired.

N/A

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

25,000

8)  (0.15%) of issued Class

9)  Class of security

ORDINARY

10) Date of transaction

6/1/98

11) Date company informed

12/1/98

12) Total holding following this notification

922,000

13) Total percentage holding of issued class following this notification

5.49%

14) Any additional information

NONE

15) Name of contact and telephone number for queries

STEPHEN M SILVER/J ALAN CARLTON
0141 226 4499

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification..12 JANUARY 1998.......


END


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