Agreement to extend option

Cater Barnard PLC
01 July 2004


For immediate release

                                                                     1 July 2004


                                  CATER BARNARD PLC

                         ('Cater Barnard' or 'the Company')

  Agreement to extend the option to acquire TelCo Solutions Limited ('TelCo')

On 6 May 2004 Cater Barnard announced that it had been granted an option to
acquire up to 100 per cent. of the issued share capital of TelCo (the 'Option').
The Option was exercisable at any time up to 30 June 2004 to enable the Company
to carry out due diligence on TelCo.

TelCo provides specialist project management services to the commercial property
sector. The company is based in London and the largest shareholder is David
Williams, the Executive Chairman of the Company. The exercise of the Option
would be a related party transaction and would be subject to shareholder
approval.

Telco and Cater Barnard have agreed to extend the Option period such that the
Option may be exercised at any time within the next three months up to 30
September 2004.



Enquiries:

David Williams
Director
Cater Barnard plc
Tel: [phone]



End.



                      This information is provided by RNS
            The company news service from the London Stock Exchange