Transaction in Own Shares

Cardiff Property PLC
19 May 2004

The Cardiff Property PLC
19 May 2004

Transaction in Own Shares and Director's shareholding

The board of The Cardiff Property plc announces that on 19 May 2004 the Company
purchased 295,200 of its own ordinary shares of 20p each at £6.65 per share.
The shares acquired are to be cancelled.

The Company was notified on 19 May 2004 that on the same date Richard
Wollenberg, a director of the Company, purchased 20,000 Ordinary shares of 20p
each at £6.65 per share.  Following this transaction Mr Wollenberg has an
interest in 486,298 Ordinary shares representing 23.88% of the Company's current
issued share capital.

Further to the announcement released on 18 May 2004 and the purchase of
securities by the Company referred to above, following the cancellation of these
shares, Mr Wollenberg will have an interest in 28.00% of the company's issued
share capital.

The Company has also been notified today that on 19 May 2004 funds under the
management of Fidelity Investment Services Limed and its subsidiaries and
affiliates have sold 319,200 Ordinary Shares.  Fidelity Investment Services and
its subsidiaries and affiliates no longer have a notifiable interest in the
issued share capital of The Cardiff Property plc.


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