PAQ Paq Intl

RNS Number:0300O
Property Acquisition & ManagementLd
18 July 2000

PROPERTY ACQUISITION & MANAGEMENT LIMITED (the "company")

Following a recent sale the company has been informed of the following.

Re Ordinary 10p Shares

Legg Mason Investors International Utilities Trust plc (formerly Johnson fry
Utilities Trust plc) has sold 2,000,000 ordinary shares.

Legg Mason Investors International Utilities Trust plc are now interested in
500,000 ordinary shares representing 0.872% of the issued shares of that
class.

Date Company informed - 17 July 2000

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