Statement re Rule 2.10

Pathfinder Properties PLC
01 December 2003

                                FOR IMMEDIATE RELEASE


                   ANNOUNCEMENT TO THE LONDON STOCK EXCHANGE

           Pathfinder Properties PLC ('the Company' or 'Pathfinder')

              Details of Relevant Securities issued by the Company


The Board of Pathfinder announces, in accordance with Rule 2.10 of the Takeover
Code, that details of relevant securities issued by the Company are as follows:


Class of Securities              Number in Issue          ISIN

Ordinary Shares of 10p each        79,971,393         GB0006730716


If the above information changes, a revised announcement will be made as soon as
possible.


For further information:


John Parry/Malcolm Bacchus, Pathfinder Properties PLC [phone]


Jeremy Carey, Tavistock Communications [phone]


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