RNS Number:6128R
Property Acquisition & ManagementLd
27 September 2000


PROPERTY ACQUISITION & MANAGEMENT LIMITED (the "Company")

Following the purchase of 1,880,000 shares on 21 September 2000, funds managed
by Exeter Asset Management Limited, amount to 1,880,000 shares representing
3.2% of the issued share capital of the Company.

Date Company informed:  25 September 2000
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