Property Acquisition

Comprop Limited
2 April 2001


ComProp Limited acquired, on 30th March 2001, 100% of the issued share capital
of Lindbergh Limited for a consideration of £1,150,000 paid in cash. Lindbergh
Limited's sole asset is the freehold property No 1, Rue des Pres Trading Estate.
Lindbergh Limited has on 30th March 2001 entered into a twenty-one year lease on
a fully repairing and insured basis with three yearly rent reviews with Abbey
Garage Limited to rent the whole property at a starting rental of £86,250 per
annum.