Return of capital

Berkeley Group Holdings (The) PLC
03 December 2004


3 December 2004

                        The Berkeley Group Holdings plc

                               Return of Capital

The Berkeley Group Holdings plc announces that the 2004 B Shares will be
redeemed today. The redemption proceeds of £5.00 per 2004 B Share will be
credited to CREST accounts or paid by cheque (as appropriate) to the first named
holder that appeared 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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