RNS Number:7908T
Property Acquisition & ManagementLd
02 January 2004

Collins Stewart Limited has notified the Company that Collins Stewart Limited
and Collins Stewart (CI) Limited hold and control 4,042,921 ordinary shares in
Property Acquisition and Management Limited on behalf of discretionary clients
of the two firms. This holding equates to 7.27% of the issued share capital of
that class.



Collins Stewart Limited has notified the Company that Collins Stewart (CI)
Limited hold and control 578,570 convertible redeemable preference shares in
Property Acquisition and Management Limited on behalf of discretionary clients.
This holding equates to 5.95% of the issued share capital of that class.



Date Company informed: 31 December 2003




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            The company news service from the London Stock Exchange
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