PAQ Paq Intl

RNS Number:3454F
Property Acquisition & ManagementLd
19 December 2002


Property Acquisition and Management Limited


Share Buy Back


Property Acquisition and Management Limited announces that on 18 December 2002
it purchased 543,000 Convertible Redeemable Preference shares for cancellation
at 84p per share


Following the above buy back 9,995,262 Convertible Redeemable Preference shares
remain in issue

Enquiries:

Andrew Duquemin

Collins Stewart Fund Management Limited

01481 731 987


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

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