RNS Number:8323X
Property Acquisition & ManagementLd
27 June 2002

As a result of the scrip dividend issue on 27 June 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                                   866       30,206

The issue price of the scrip dividend shares was 67.7p.

Date Company Informed 27 June 2002



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