Disposal

Caffyns PLC
01 July 2004

Caffyns PLC announces that it has today exchanged unconditional contracts for
the sale of its freehold premises in St Johns Road, Tunbridge Wells, Kent for a
cash consideration of £845,000. Completion on the sale will be on 8 July. An
exceptional gain before taxation of approximately £510,000 has arisen on the
sale. The proceeds will be applied in reducing Group borrowings.

Enquiries:

Simon Caffyn
Chief Executive

Mark Harrison
Finance Director

Telephone: [phone]


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