Shareholding

Pathfinder Properties PLC
09 May 2006






FOR IMMEDIATE RELEASE 9 May 2006



           PATHFINDER PROPERTIES PLC ('Pathfinder' or the 'Company')


                            SIGNIFICANT SHAREHOLDING


The Company was informed on 24 April 2006 that as at that date, Lakesystem
Limited held 2,475,000 ordinary shares in Pathfinder, representing 3.1% of the
issued ordinary share capital.



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