RNS No 8249a
HERCULES PROPERTY SERVICES PLC
3rd March 1998

       HERCULES PROPERTY SERVICES PLC ("HERCULES" OR THE "COMPANY")

            COMPLETION OF PROPOSED ACQUISITION OF SHARES IN
                         HARMAN HEALY LIMITED

At the Extraordinary General Meeting of the Company held today, the 
ordinary resolution seeking the approval of Hercules Shareholders for the 
Company to acquire the 25 per cent. of the share capital of Harman Healy 
Limited which the Company does not own from Jonathan Radgick, a Director 
of the Company ("Acquisition") was duly passed unanimously.

Details of the Acquisition were set out in the Company's Press Release of 
13 February and in a circular to shareholders dated 16 February. The 
Acquisition is based upon an agreed value of #690,000 for the Harman Healy 
shares acquired.

Completion of the Acquisition took place today. The consideration for the 
Acquisition is 200,774 Hercules Shares ("Consideration Shares") of which 
133,849 will be retained by Mr Radgick for a minimum of one year. The 
balance of 66,925 Consideration Shares have been placed by Raphael Zorn 
Hemsley Limited. Admission of the Consideration Shares to the Alternative 
Investment Market is expected to take place on 4 March 1998. The 
Consideration Shares rank pari passu with the existing ordinary shares of 
5p each  ("Hercules Shares") but do not rank for the interim dividend of 
1p per share declared on 9 February 1998.

The Company is now the beneficial owner of 100 per cent. of the issued 
share capital of Harman Healy. The Company has been notified today by Mr 
Radgick pursuant to section 324 of the Companies Act 1985 that he is the 
beneficial owner of 133,849 Hercules Shares representing 1.97 per cent. of 
the enlarged issued share capital. This interest arose today as a result 
of completion of the Acquisition. This interest is in addition to his 
existing options to subscribe for 28,310 Hercules Shares.

Contact:  Hercules Property Services             Tel: 0181 203 9099
               Larry Lipman, Chairman
               Paul Davis, Finance Director

          Baron Phillips Associates              Tel: 0171 224 1302
               Baron Phillips

          Guinness Mahon & Co.                   Tel: 0171 623 9333
               Jagjit Mundi


END

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