Result of EGM

Westbury Property Fund Limited
19 September 2007



                The Westbury Property Fund Limited to be renamed

                             STOBART GROUP LIMITED

                                 Result of EGM



The Directors of The Westbury Property Fund Limited ('Westbury' or the 
'Company') are pleased to announce that, at the Extraordinary General Meeting 
held earlier today, each of the Resolutions set out in the Notice of 
Extraordinary General meeting included in the circular sent to Shareholders on 
20 August 2007 (the 'Circular') was duly passed.

Completion of the Merger Agreement and the Disposal Agreement remain conditional
upon Admission of the New Ordinary Shares to listing on the Official List and to
trading on the London Stock Exchange, which is expected to take place on 20
September 2007.  The New Ordinary Shares will, on Admission, rank pari passu in
all respects with the Ordinary Shares in issue on 20 August 2007.

Trading of the Enlarged Group's Shares on the CISX is expected to resume on or
around 1 October 2007 upon completion of CISX market-making arrangements.

It is anticipated that the change of the Company's name to Stobart Group Limited
will become effective on 28 September 2007 following the approval of the Royal
Court of Guernsey.  Once the change becomes effective the Company's shares will
trade under the code 'STOB'.

Terms used in this Announcement shall have the same meanings as in the Circular.



Enquiries


Assura Group              Richard Burrell      0207 107 3830
                          Louise Bathersby     0207 107 3830        [e-mail]


Lansons Communications    Tony Langham         07979 692 287        [e-mail]
                          Charlie Field        07884 001 148        [e-mail]
                          Karen Mignon         07766 651 327        [e-mail]


Cenkos                    Ian Soanes           020 7397 8900        [e-mail]






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