ALG and Louise Goodwin Acquired

Mountview Estates PLC
16 November 1999

Mountview Estates plc ('Mountview' or 'the Company')

Acquisition of A.L.G. Properties Limited ('ALG') and Louise
Goodwin Limited ('Louise Goodwin')


The  Board  of Mountview today announces the acquisition  of
ALG  and Louise Goodwin, two London property investment  and
management  companies, both in the ownership of the  Goodwin
family.   Combined  consideration  for  both  companies   is
£18,027,000,  being £2,884,320 for ALG and  £15,142,680  for
Louise  Goodwin,  payable  in  cash  from  Mountview's   own
resources.

Financial Information on ALG and Louise Goodwin

For  the  financial year to 25th March, 1999 ALG recorded  a
loss before taxation of £94,895; net assets at the year  end
were £1,649,773.

For  the financial year to 31st March 1999, Louise Goodwin's
profits  before taxation were £108,266; net  assets  at  the
year end were £11,589,956.

Reasons for Acquisitions

ALG  and  Louise Goodwin own and rent residential properties
in the Belsize Park area of London; a typical property is  a
large dwelling house that has been sub-divided into a number
of   separate   apartments.   Historically,   the   property
portfolios owned by ALG and Louise Goodwin have been managed
on  a  long-term investment basis.  Mountview believes  that
its   active  approach  to  the  management  of  residential
property should improve the returns from both acquisitions.

Further Information:

Frank Malcolm                 Tel: [phone]
Bell Lawrie White & Co.
(a division of Brewin Dolphin
Securities Ltd., stockbrokers to Mountview)