Re: WELPUT

Benchmark Group PLC
23 July 2001

For immediate release, 23 July 2001


                  The West End of London Property Unit Trust

Further to the announcement on 13 July 2001 that Benchmark Group PLC 
('Benchmark') and Schroder Property Investment Management Limited were
establishing a new specialist property unit trust, The West End of London
Property Unit Trust, the consent required from the Jersey Financial Services
Commission has now been obtained.  The only remaining condition of the
transaction is the approval of Benchmark's shareholders of an ordinary
resolution to be considered at an Extraordinary General Meeting convened for
30 July 2001.



For further information:


Benchmark Group PLC
Nigel Kempner, Chief Executive                   Tel: [phone]

Tavistock Communications
Jeremy Carey / Bella Pagdin                      Tel: [phone]




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