RNS Number:7429A
Wynnstay Properties PLC
04 September 2002

WYNNSTAY PROPERTIES PLC

4 SEPTEMBER 2002



Wynnstay Properties Plc ("the Company")



DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF
SHARES DIRECTOR'S DEALING/SUBSTANTIAL INTEREST IN SHARES

The Company has been informed by fax dated 3 September 2002 that on 3 September
2002 York & District Investment Company Limited ("York") sold 570,700 ordinary
shares of the Company to Mr Philip Collins, the Chairman of the Company, and his
family interests at #2.23 per share totalling #1,272,661.


Purchaser                  No. of ordinary     No. of shares held  No. of shares held  Percentage of total
                           shares purchased    in name before      in name after       issued share capital
                                               purchase            purchase            held after purchase

Philip Geoffrey Hugh
Collins                           170,552            235,9051           406,457               12.88%
                                       



Diana Rosemary Collins            170,552              47,431           217,983                6.91%
(Philip Collins' wife)
                                      

The Trust2                        229,596                 Nil           229,596                7.28%

Total                             570,700             283,336           854,036               27.07%




Mr Collins is deemed to be acting in concert for the purposes of the City Code
with his siblings and their spouses in relation to their existing holdings of
89,399 ordinary shares, amounting to an aggregate of 2.83% of the Company's
issued share capital, and which taken together with the above holdings amounts
to 943,435 ordinary shares, representing 29.90% of the total issued share
capital of the Company.



As a result of the sale York's holding of ordinary shares has reduced from
946,416 representing 29.99% of the Company's issued share capital, to 375,716
representing 11.91% of the Company's issued share capital.



1   Which includes 3,200 ordinary shares held on trust for Mr Collins' children.



2   Which means Mr Collins and Mrs Collins as trustees of the Collins Children's
Settlement dated 2 September 2002 ("the Trust").  The beneficiaries of the Trust
are Mr and Mrs Collins' children.



Parties making disclosure:
William Hedley-Miller for RadcliffesLeBrasseur
D/L   020 7227 7476
on behalf of
Philip Geoffrey Hugh Collins
Diana Rosemary Collins
Collins Children's Settlement dated 2 September 2002



END




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