CSE Cross Shr Reg S

RNS No 5359h
CITY SITE ESTATES PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

CITY SITE ESTATES PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

SCANDINAVIAN SECURITIES COMPANY LIMITED

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.

SCANDANAVIAN SECURITIES COMPANY LIMITED

5)  Number of shares/amount of stock acquired.

N/A

6)  ( N/A %) of issued Class

7)  Number of shares/amount of stock disposed

1,041,667 

8)  ( 6.2 %) of issued Class

9)  Class of security

ORDINARY 

10) Date of transaction

1/12/98

11) Date company informed

2/12/98 

12) Total holding following this notification

NIL 

13) Total percentage holding of issued class following this notification

NIL 

14) Any additional information

NONE 

15) Name of contact and telephone number for queries

STEPHEN M SILVER/J A CARLTON          0141 226 4499

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

    Date of Notification......3/12/98...........


END


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