Disposal and Acquisition

Cardiff Property PLC
28 August 2001

                        The Cardiff Property Plc

     'The group, including Campmoss specialises in property investment and      
      development in the Thames Valley. The portfolio is primarily located 
  to the west of London, close to Heathrow Airport and in Surrey and Berkshire'

DISPOSAL OF OFFICE BUILDING AND ACQUISITION OF RESIDENTIAL PROPERTY.

The Cardiff Property Plc has completed the sale of its Freehold Office building
at Strathclyde House, Hatton Cross, Hounslow, Middlesex to Vector Realty Limited
for £850,000 cash of which £50,000 is deferred for 12 months.

The property was let to the Purchaser on a short term Lease now expired at a
rental of £75.840 per annum

The cash consideration will be placed on deposit awaiting further investment in
suitable property located within the company's main operating areas namely the
Thames Valley, to the West of London, close to Heathrow Airport and the M4, M25
Motorways.

The company also announces that First Choice Estates, its fully owned
development subsidiary has recently purchased from The Crown Estate, 2
residential properties located in Englefield Green, Surrey for £826,000 cash.
First Choice intend to seek planning permission to build 2 new executive homes.
The existing properties are situated within the Green Belt in approximately 2
acres of land.


For further information :

The Cardiff Property Plc          Richard Wollenberg     01784 437444

Old Mutual Securities Ltd         Will Martin            0207 489 4653

Binns & Co Public Relations Ltd   Brian Coleman-Smith    0207 786 9600