Circular to Shareholders

Wynnstay Properties PLC
31 July 2000


WYNNSTAY PROPERTIES PLC (the 'Company')
CIRCULAR TO SHAREHOLDERS

The Company has today sent a circular to shareholders in
which Philip Collins, the Chairman of the Company stated:

I am pleased to confirm that at the Company's Annual General
Meeting held on 27th July 2000, all the resolutions set out
in the Notice of Meeting were duly approved.

I am also writing to advise you that on 27 July 2000 Panther
Securities PLC announced that it had sold its entire holding
of 941,539 ordinary shares, equivalent to 29.84% of the
issued share capital of your Company, for a total
consideration of £1.6 million and formally notified the
Company accordingly.  On 31 July 2000, the Company received
formal notification that these shares were purchased by York
& District Investment Company Limited, a wholly-owned
subsidiary of Broadland Properties Limited.

According to its latest published accounts, Broadland
Properties Limited is a property dealing and investment
holding company having net assets at 30th September 1999 of
£52.97 million.  It is based in Scarborough, North Yorkshire
and the accounts also show the company as being owned by Mr
John Guthrie and his family trusts.