Subsidiary Disposal

Comland Commercial PLC
2 August 2001


Comland Commercial Plc

2 AUGUST 2001


Comland Commercial Plc ('the Company') - Subsidiary Disposal

The Company's subsidiary, Farastar Limited ('Farastar'), a special purpose
vehicle which holds Verwood Industrial Estate, in Verwood, Dorset, was sold on
1 August 2001 to The Fiduciary Corporation (Properties No.5) Limited for a
total consideration of £3,210,309.  This was satisfied by a payment of £
1,076,414 for the share capital of Farastar and £2,133,895 as repayment of
debt due to the Company by Farastar.  This sale is a substantial transaction
under the terms of the AIM Rules.


As at 31 March 2001 the net asset value of Farastar was £2.  Farastar has
traded at or around breakeven after management and interest costs from 31
March 2001 until 1 August 2001.  The consideration was paid in cash and is
being applied in reducing bank debt. The effect on the Company is to reduce
gearing following the disposal.


END