RNS Number:8497K
Property Acquisition & ManagementLd
08 May 2003



Collins Stewart Limited has notified the Company that with effect from 6 May
2003 Collins Stewart Limited and Collins Stewart (CI) Limited hold and control
4,794,335 ordinary shares in Property Acquisition and Management Limited on
behalf of discretionary clients of the two firms. This holding equates to 8.63%
of the issued share capital of that class.

Date Company informed: 8 May 2003



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