New Shares Issue - Details

Property & Capital Group PLC
11 February 2000

Property & Capital Group PLC ('the Company')

The Company has today approved the issue and allotment of the following
numbers of (new) ordinary shares of 2p each nominal value pursuant to the
following transactions.  Application is being made for admission of these
shares to trading on AIM which is expected to be on 18 February 2000:

a) Acquisition of Norcity III PLC (pursuant to offer dated 2 November 1999)
being balance of consideration: 3,500 shares;

b)  Acquisition of Norcity IV PLC (pursuant to offer dated 2 November 1999)
being balance of consideration:  12,000 shares;

c)  Acquisition of Borders Assured Properties PLC (pursuant to offer dated 8
November 1999) being balance of consideration: 368 shares;

d)  Exercise of option (granted on 17 April 1995, before the Company was
listed) by the former Chairman of the Company of 12,500 shares at an exercise
price of the nominal value of 2p; and

e)  Acquisition of Paragon Protected Growth PLC (pursuant to offer dated 17
December 1999) being shares elected for by vendors, first instalment:  58,803
shares.