RNS Number:5808H
Hercules Property Services PLC
20 March 2000

The issuer has made the following amendment to the 'Launch of New Service'
announcement released today at 07:02 under RNS No 5222H.

The Hercules Property Services PLC web address has been shown incorrectly as
'heritage_insurance.co.uk' throughout the document.  The correct web address
should be 'heritage-insurance.co.uk'. 

All other details remain unchanged.

The full corrected version is shown below.



   HERCULES LAUNCHES ON-LINE EASY QUOTE AND INSTANT COVER
                 HOUSEHOLD INSURANCE SERVICE
                              
Hercules  Property Services plc ("Hercules") today announces
the   launch  of  heritage-insurance.co.uk,  its   web-based
household insurance service enabling consumers to secure on-
line  buildings  and contents insurance and receive  instant
cover.

Hercules,   through   its  two  well-established   insurance
subsidiaries Heritage and Deacon, already provide cover  for
approximately #10bn of property and has around 10% of the UK
buildings insurance market for blocks of flats.

heritage-insurance.co.uk    provides    an     user-friendly
unrestricted,  focused  and highly  competitive  service  to
consumers  seeking  insurance  cover  for  their  homes  and
contents.  Access to the Heritage site can also  be  sourced
through  as many as 14 different links and associations  the
company has established with a wide range of popular portals
including      easier.co.uk,      fish4homes.co.uk       and
underoneroof.co.uk.

Irrespective of property value, Hercules guarantees to offer
a  quote  and,  if accepted, provide instant  cover  through
credit  card  payment. All the insurance is underwritten  by
Lombard, one of the country's leading insurance companies.

Contact:

Hercules Property Services plc           Tel: 020-8203 9099
  Larry Lipman, Chairman

Bankside Consultants                      Tel: 020-7220 7477
  Baron Phillips

Hercules  believes  heritage-insurance.co.uk  is  the  first
simple  to  use  on-line  insurance provider  aimed  at  the
household   insurance   market,  estimated   to   be   worth
approximately #4.8bn annually in gross premiums.

In  addition, Hercules estimates that the service is one  of
the most competitive available and  the  company anticipates 
savings of up to  25%  can  be achieved  irrespective of the 
value of  the  property  being insured.

Larry  Lipman,  Chairman  of  Hercules,  said:  "We  believe
heritage-insurance.co.uk is probably  the  most  competitive
and  consumer-friendly,  real  on-line  household  insurance
provider available today. Not only are we able to deliver  a
faultless service to consumers but we can do it quickly  and
provide our customers with instant peace of mind.

"This  launch is a natural development of our fast expanding
insurance  division  from  commercial  property   into   the
domestic   market  where  our  latest  acquisition,   Deacon
Insurance Services, has been very active over the  past  few
years. At the same time even a small share of the near  #5bn
household  insurance market will generate substantial  value
for Hercules shareholders."


END

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