Interim Results

Mountview Estates PLC
23 November 1999

MOUNTVIEW ESTATES P.L.C.  ('MOUNTVIEW' OR 'THE COMPANY')

Interim Results to 30 September 1999

Chairman's Statement

Set  out  below are the unaudited results of Mountview for the  six
months  ended 30 September 1999.  Gross sales of properties are  up
by  over  30%, gross rental income is up only slightly but  pre-tax
profits  have risen by over 35%.  This is a very strong performance
but  there  are  two distorting factors: first, our purchases  were
modest  during the period which led to very low borrowings  by  the
end of September; second, interest rates, which have risen twice in
the last three months, were low during the 6 months.

On  16  November we completed the acquisitions of A.L.G. Properties
Ltd. and Louise Goodwin Ltd. which we had been working towards  for
some  months.   We  were  of course happy  to  see  our  borrowings
reducing but, following these acquisitions, our borrowings are  now
at  our  highest ever level - although our gearing remains  modest.
This, combined with the recently increased cost of borrowings, will
undoubtedly  affect our second half performance.  Nevertheless  ALG
and  Louise Goodwin are good purchases  which will help ensure  the
future  success of the Company.  They bring to us properties  in  a
much sought after area of London where values have held steady even
in  the most adverse market conditions.  We expect that, under  our
active  property management, the contributions from ALG and  Louise
Goodwin  should over time increase the gross rental income  of  the
Mountview group by at least 15%.

Mountview has long been regarded as the Sinclair family company but
in  the  Chairman's Statement accompanying the Report and  Accounts
for  1998  it  had to be stated that the holdings of  the  Sinclair
family  concert  party had fallen to 49%.  Recently  the  Panel  on
Takeovers  and  Mergers has accepted that the family concert  party
has  been  expanded to over 50% of the issued share  capital.   The
Board  believes this is good news for the Company.  The Board takes
the  view that Mountview has always thrived because it is a  family
company, not despite it.

Whilst  it is reasonable to expect a satisfactory outcome  for  the
year ending 31 March 2000, any increase in dividend will be payable
in  respect  of  the final dividend, which will be  recommended  to
shareholders after the full year's results are known. In respect of
the year ended 31 March 1999 two interim dividends of 12p per share
were  paid  and  these  are  to be consolidated  into  one  interim
dividend  of 24p per share payable on 27 March 2000 to shareholders
on the register at 11 February 2000.

Duncan Sinclair
Mountview Estates P.L.C.






MOUNTVIEW ESTATES P.L.C.

Unaudited results of the Group for the six months ended 30
September 1999

                                       Half       Half Year      Full
                                       Year                      Year
                                       ended        ended        ended
                                      30.9.99      30.9.98      31.3.99
                                       £000s        £000S        £000S
                                                                   
Gross Sales of Properties             11,906        9,147       18,815
                                      ======        =====       ======
                                                                   
Gross Rental Income                    4,827        4,766        9,739
                                       =====        =====        =====
                                                               
Turnover                              16,733       13,913       28,554
                                      ======       ======       ======
                                                                   
Profit before taxation                 8,326        6,143       13,120
                                                               
Taxation @ 30%                         2,947        1,904        4,242
(1998 @ 31%)                          ------       ------       ------
                                                                   
Profit after taxation                                              
attributable
to shareholders                        5,829        4,239        8,878
                                      ------       ------       ------
Dividends                              1,100         550         2,752
Retained Profits                       4,729        3,689        6,126
                                       =====        =====        =====
                                                                   
Earnings per Share                    127.07p       92.4p       193.5p
                                                                   


NOTES:

Taxation for the current year has been calculated at 30% - the rate
specified in March 1998 Budget.

The basis of the calculation of the earnings per share is the
profit on ordinary activities after taxation divided by the number
of ordinary shares in issue.

The comparative figures for the year ended 31 March 1999 are not
full accounts.  A copy of the full accounts for that year, on which
the Auditors have issued an unqualified report, has been delivered
to the Registrar of Companies.