Acquisition

Highcroft Investments PLC
14 October 2004


HIGHCROFT INVESTMENTS PLC

14 OCTOBER 2004




                           Highcroft Investments PLC

                         Commercial Property Investment


Having reviewed a number of opportunities, the Board is pleased to announce that
on 13 October 2004 a subsidiary of Highcroft Investments PLC, Rodenhurst Estates
Limited, purchased a property located in Southampton funded by a combination of
own cash resources and a loan drawn down from a bank facility made available by
Lloyds TSB plc to provide the debt element of any property purchases in the
medium term.



The property is a warehouse unit, with offices, let to Metabo (UK) Limited under
a guarantee from Metabowerke Gmbh & Co. The value of the net assets acquired is
to be satisfied by a consideration of £2,350,000. The profits attributable to
the transaction are expected to be approximately £157,500 per year.




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