Disposal

Pittards PLC
07 January 2005


NEWS RELEASE

Pittards plc produces technically advanced leather for many of the world's
leading brands of gloves, shoes, luxury leathergoods and sports equipment.



Pittards plc is pleased to announce the sales of both of its former Raw Material
Division's factory sites in Scotland.  The sale of the factory in Langholm, near
Dumfries, for £0.12m was completed on 17 December 2004.  Conditional contracts
have been exchanged for the sale of the Division's remaining former factory site
at Kinghorn, Fife, for a price of £3.15m.  Completion of the sale is conditional
upon receipt of an outline planning consent satisfactory to the purchaser.

Sheepskin production at the Langholm factory ceased in October 2004 and at
Kinghorn in January 2002.  The Kinghorn site, which is approximately 25 acres in
area, has a book value of £0.64m.  Approximately 10 acres is zoned for
residential development in the Kirkcaldy Area Local Plan.  An application for
outline planning consent in conformity with the Local Plan was submitted in
August 2003.

The proceeds of these sales will be primarily applied to the reduction of bank
borrowings.

The difficult trading conditions to which we referred in our announcement on

3 November continued throughout the second half of 2004.  The international
market for leather is not expected to recover much before the second quarter of
2005.


7 January 2005


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