Disposal

Comland Commercial PLC
13 September 2006


13 September 2006


Comland Commercial PLC


Disposal of The Hollywood Arms


Hollywood Arms Ltd, a wholly owned subsidiary of Comland Commercial PLC, has
completed the sale of the freehold property, goodwill and fixtures and fittings
at The Hollywood Arms, 45 Hollywood Road, Fulham, London SW10 9HX to Young and
Co's Brewery PLC for a total consideration of £3.85 million. The transfer of the
pubic house business constitutes a transfer of undertaking as defined by the
Transfer of Undertakings (Protection of Employment) Regulations 2006 and
therefore all the staff employed by Hollywood Arms Limited have transferred to
Young and Co's Brewery PLC. Comland Commercial PLC acquired The Hollywood Arms
in April 2004 for a total consideration of £2.5 million.



As already reported the business operated from The Hollywood Arms generated a
turnover of £731,000 and a loss of £79,000 in the year ended 31 March 2006.



The consideration has been satisfied in full, in cash and Comland Commercial PLC
will hold the funds to provide additional working capital for the business and
reduce the net borrowing of the business in the short term.



Enquiries

Comland Commercial PLC
Chris Martin                                              01628 535 777






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