Director Shareholding

Pathfinder Properties PLC
2 July 2001


From:          Nabarro Wells & Co. Limited

To:            Company Announcements Office

Date:          2 July 2001

Subject:       ANNOUNCEMENT

Release:       IMMEDIATE


ANNOUNCEMENT FOLLOWS:


PATHFINDER PROPERTIES PLC ('THE COMPANY')

Transaction by a Director in the Company's shares

The Company wishes to announce the following transaction by a director in the
Company's shares:

Director:                                      Malcolm Bacchus
Nature of Transaction:                         Purchase
Class of Shares:                               Ordinary shares of 10p each
Number of shares acquired:                     65,000
Price per share:                               15p
Date of Transaction:                           29 June 2001
Date of Notification to Company:               29 June 2001
Total holding following transaction*:          226,250
Percentage of class of shares now held:        0.29%

*This total includes the 41,250 shares issued by the Company as consideration
for the 5,000 shares held by Mr. Bacchus in Pathfinder Recovery 1 PLC pursuant
to the Company's offer, which was declared unconditional in all respects on 6
June 2001.


Enquiries:

Malcolm Bacchus, Pathfinder Properties PLC 020 7736 9669

Robert Lo, Nabarro Wells & Co. Limited 020 7710 7400



                                   - ENDS -