Director Shareholding

Pathfinder Properties PLC
13 June 2001

From:          Nabarro Wells & Co. Limited

To:            Company Announcements Office

Date:          13 June 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:                     33,000
Price per share:                               15p
Date of Transaction:                           13 June 2001
Date of Notification to Company:               13 June 2001
Total holding following transaction*:          120,000
Percentage of class of shares now held:        0.17%

*This total excludes the 41,250 shares to be 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



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