RNS Number:1770S
Property Acquisition & ManagementLd
28 February 2002


Property Acquisition and Management Limited (the "Company")



As a result of the scrip dividend issue on 28 February 2002, the following
directors received new Ordinary Shares of 10p each and declare their interests
in the issued share capital of the Company as follows:-

Director                    Scrip shares received      Total holding

Shane Le Prevost                         1,149            29,340



The issue price of the scrip dividend shares was 78.5p.



Date Company Informed 28 February 2002



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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