Disposal

Creightons PLC
04 April 2005


                                 Creightons plc

                   Disposal of freehold property for £960,000

Creightons plc ('Creightons' or 'the Group') announces that it has entered into
a contract conditional only on shareholder approval to dispose of its freehold
interest in Unit 6 Water Lane Industrial Park, Storrington, West Sussex  (the 
'Property') which currently houses part of the warehousing operation of the
Group to CDA Southern Limited for a cash consideration of £960,000 (excluding
expenses).

Under the terms of the agreement Creightons is to give vacant possession of
approximately half of the Property on or before completion, and will remain in
occupation of the remainder on a part leaseback arrangement at a rent of £53,000
for a five year term with a break clause after two years. A 10 per cent deposit
has been received from the purchaser by the Company's solicitors, with the
balance of the consideration due on completion, which will take place no later
than 1 July 2005. The Property, which comprises approximately 2,975 sq m 
(32,025 sq ft) of existing factory and office buildings which was recently
independently valued at £935,000. The net proceeds of the transaction will be
used to reduce the Group's bank indebtedness and fund working capital for future
contracts.

The net book value of the property being sold as at 1 April 2005 was £637,000.
The disposal will realise a profit on sale of approximately £250,000 after
expenses.

Creightons has also announced to employees at its manufacturing plant in
Storrington that it will commence consultation with them on a proposal to
transfer the majority of the Group's operations to its main manufacturing base
in Peterborough.

A circular containing details of the property sale and convening an
Extraordinary General Meeting will be posted to shareholders in due course.



Contacts:

William McIlroy
Nick O'Shea

Creightons plc                          [phone]

Tony Rawlinson
James Caithie

City Financial Associates Limited       [phone]



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