Board appointment and placing

Cater Barnard PLC
06 May 2004





For immediate release

                                                                      6 May 2004

                                CATER BARNARD PLC

                       ('Cater Barnard' or 'the Company')

                        Update on Placing by the Company
                            Appointment of Director

On 17 February 2004 Cater Barnard announced that it had placed 88,648,000 new
ordinary shares of 0.1p each in the capital of the Company ('Ordinary Shares'),
at an issue price of 0.316p per Ordinary Share, to raise £280,127 (before
estimated expenses of £20,000) to provide additional working capital for the
Company.

The Company announced on 3 March 2004 that further to the placing arrangements
described above, it had conditionally agreed to issue a further 199,031,139 new
Ordinary Shares at an issue price of 0.316p (the 'Issue Price') to raise an
additional £628,938 (before expenses) to provide additional working capital for
the Company (the 'Placing').

Pursuant to the Placing, Commtel Holdings Corp ('Commtel') conditionally agreed
to acquire 115,000,000 Ordinary Shares. The subscription by Commtel has now been
completed. Accordingly, Commtel is beneficially interested in 130,000,000
Ordinary Shares representing approximately 9.9% of the Company's enlarged issued
share capital. Application will be made in due course for the Commtel placing
shares to be admitted to trading.

The Company is also delighted to announce today the appointment of Anthony Basil
Scott McFarland as a Director of the Company. Mr McFarland, who has significant
experience in working with new growing companies across the property sector,
will join the Board of Cater Barnard as an executive director with interim
responsibility for the Company's finance functions.

In the last 5 years Mr McFarland (44) has been and continues to be a director of
the following companies:

JTM Holdings Limited
Malvay Limited
Navitas Hemway Limited
Paradene Limited
IIS Limited

In addition, in the last 5 years Mr McFarland (44) was a director of the
following companies:

Leisurehub.com Limited
Landgrove Limited

Mr McFarland is beneficially interested in 9,500,000 Ordinary Shares
representing approximately 0.72% of the Company's enlarged issued share capital.





There is no further information to be announced, as required by the AIM Rules.

Enquiries:

Aidan Mills-Thomas                 Roland Cornish
Director                           Beaumont Cornish Limited
Cater Barnard plc                  Tel: [phone]
Tel: [phone]




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