RNS No 4613h
CITY SITE ESTATES PLC
2nd December 1998

Further to the announcement made by the above yesterday, the Independent
Directors are presently considering the further approach mentioned, which is
subject to certain conditions.  In the meantime, shareholders should take no
action.  A further announcement will be made as soon as practicable.

END

OFFFCDCNKDDBNBK
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