RNS Number:6628U
Property Acquisition & ManagementLd
27 January 2004


Property Acquisition and Management Limited (the "Company")


Following the completion of a service period attached to an employment contract,
Collins Stewart Property Fund Management Limited have procured that the
following ordinary 10p shares in Property Acquisition and Management Limited be
awarded to Colin Walker-Robson:-


Director                          Shares received                 Total holding

Colin Walker-Robson                       200,000                       362,929


The shares have been awarded at a mid market price of 64.5p


Date Company Informed 27 January 2004

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