Re Reduction of Capital

Berkeley Group Holdings (The) PLC
27 October 2004


27 October 2004                                

                       The Berkeley Group Holdings plc

                       Statement re Reduction of Capital

At a hearing today, the High Court approved The Berkeley Group Holdings plc
reduction of capital. The reduction of capital is expected to become effective
at or after 4:30 pm on 28 October 2004 whereupon the nominal value of each 2004
B Share, 2006 B Share, 2008 B Share and 2010 B Share comprised within a unit of
The Berkeley Group Holdings plc will be reduced to 5 pence.

Accordingly, the 2004 B Shares will be redeemed by The Berkeley Group Holdings
plc on 3 December 2004, with the redemption proceeds of £5.00 per 2004 B Share
being paid to the first named holder appearing on the relevant register of
members of The Berkeley Group Holdings plc at the close of business on 26
November 2004.

Enquiries:

Smithfield - 020 7360 4900
John Antcliffe
Rupert Trefgarne

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