Disposal

Pittards PLC
28 October 2005


Pittards plc is pleased to announce completion of the sale of its former factory
site at Kinghorn, Fife, for a price of £3.15m.  Conditional contracts were
exchanged in December 2004 with completion conditional upon receipt of an
outline planning consent satisfactory to the purchaser.

The site, which is approximately 25 acres in area, has a book value of £0.9m.
Outline planning consent for residential development on approximately 10 acres
of the site was granted in July 2005.

Net sale proceeds will be applied to the reduction of borrowings.


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