Sale of property

Camellia PLC
11 November 2003


Camellia Plc - Sale of property


WDG Properties Limited, a subsidiary undertaking of Camellia Plc, has today
entered into a contract for the sale of its freehold interest in the Banbury Tea
Warehouses, Beaumont Industrial Estate, Banbury to Clerical Medical Investment
Group Limited. Completion will take place on 21st November 2003.


WDG Properties Limited is a property holding company for certain properties
within the group. The consideration, which will be paid in cash on completion,
is £22.1 million before expenses. As at 31st October 2003 the net asset value of
the property was £0.69 million. The attributable profit after tax generated by
rental income was £1.08 million in the last financial year.


The Banbury Tea Warehouses were built by the group over 30 years ago to store
tea. The group's requirements for the warehouses ceased in 1984 and since then
the warehouses have been let to external tenants. The board is of the view that
it is no longer appropriate for the group to continue to own these properties.
It is proposed that the sale proceeds are used to reduce bank borrowings and for
future working capital requirements.



Enquiries:            Malcolm Perkins: 01622 746655


MDC/IS

11th November 2003







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