RNS Number:5612C
Property Acquisition & ManagementLd
16 October 2002



Collins Stewart Limited has notified the company that with effect from 11
October 2002 Collins Stewart Limited and Collins Stewart (CI) Limited hold and
control 6,119,999 ordinary 10p shares in Property Acquisition and Management on
behalf of discretionary clients of the two firms. This holding equates to 10.63%
of the issued share capital of that class.


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