Disposal

Creightons PLC
18 May 2005


                            Creightons plc

               Disposal of freehold property for £700,000

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 Units 1 to 5 Water Lane Industrial Park, Storrington, West Sussex 
(the  'Property') which currently houses the remainder of the manufacturing
operation of Creightons not covered by the disposal announcement of 4 April 2005
to Brecon Developments Limited for a cash consideration of £700,000 (excluding
expenses).

Under the terms of the agreement Creightons is to give vacant possession of the
Property within four months of obtaining shareholder approval. A deposit of
£15,000 has been received from the purchaser by the Group's solicitors, with the
balance of the consideration due on completion, which will take place no later
than four months following shareholder approval. The Property, which comprises
approximately 1,460 sq m  (15,720 sq ft) of existing factory and office
buildings which was recently independently valued at £625,000. The net proceeds
of the transaction will be used to reduce the Group's indebtedness and fund
working capital for future contracts.

The net book value of the property and fixtures being sold as at 1 April 2005
was £518,000. The disposal will realise a profit on sale of approximately
£150,000 after expenses.

Creightons has also announced to employees at its manufacturing plant in
Storrington that, following the consultation announced on 4 April 2005, it will
commence the transfer of the majority of the Group's operations to its main
manufacturing base in Peterborough. A small manufacturing operation, which will
concentrate on serving customers with small batch production requirements, will
be retained in rented accommodation both in Unit 6 and elsewhere in Storrington.

A circular containing details of the property sale and convening an
Extraordinary General Meeting will be posted to shareholders in due course. This
circular will include details of the sale of Unit 6 Water Lane Industrial Park,
Storrington, West Sussex, as detailed in the announcement to shareholders on 4
April 2005.



Contacts:

William McIlroy
Nick O'Shea
Creightons plc                         [phone]

Tony Rawlinson
James Caithie
City Financial Associates Limited       [phone]







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