PAQ Paq Intl

RNS Number:4314C
Channel Hotels & Properties Limited
14 October 2002


The following amendments have been made to the SAR - Prop Acq & Mang Ld
announcement released on 10 October 2002 at 18.00 under RNS No 3477C.

The 'Total holding following notification: 15,886,547' should have read: 'Total 
holding following notification 15,886,547 plus notional value of convertible
shares expressed as ordinary shares 549,699.'

The 'Total % holding following notification: 27.588%' should have read: 'Total % 
holding of combined Ordinary shares and notional value of convertible
shares following this notification 24.776%.' 

All other details remain unchanged. The full amended text is shown below.




Letter to RNS 


Under Rule 3 of the Rules Governing Substantial Acquisitions of shares I would  
like to notify you of the following transaction concerning a recent purchase of  
shares in Property Acquisition & Management Limited. 

Registered Owner                   Channel Hotels & Properties Ltd.  
No. of shares bought               2,600,000 
% of issued class                  4.515%
Class of Security                  Ordinary shares of 10 pence each  
Date of transaction                10th October 2002
Total holding following 
notification                       15,886,547 
plus notional value of 
convertible shares expressed
as ordinary shares                    549,699
Total % holding of combined
Ordinary shares and notional
value of convertible shares
following this notification            24.776%

I further confirm that this company is not acting in concert with any other  
company. 


Letter from G.C.B. Melvin, Director, Channel Hotels & Properties Ltd.





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

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