Disposal

Reliance Security Group PLC
21 December 2004


                                                                21 December 2004
For immediate release


           Reliance Security Group plc ('Reliance' or 'the Company')

    Disposal of investment in Safe Estates Services Limited ('Safe Estates')


The Directors of Reliance announce that the Company has sold its investment in
Safe Estates, which principally secures domestic void properties. The cash
consideration, net of expenses, is approximately £7.3 million, which has been
received in full. The proceeds will be placed on deposit. The consideration is
subject to adjustment, based on completion accounts, but such adjustment is not
expected to be material.

The transaction will crystallise an estimated exceptional, pre-tax profit of
approximately £4.3 million for Reliance. No tax will be payable on the disposal.

Reliance has accounted for Safe Estates as an associated undertaking and has
consolidated pre-tax profits of £1.4 million in respect of its share of Safe
Estates' results in the year to 30 April 2004 (pre-tax profits of £1.4 million
in the six months to 29 October 2004, unaudited). The carrying value of the
investment in Safe Estates at 30 April 2004 was £1.7 million (29 October 2004
£2.7 million, unaudited).

Commenting on the disposal, Brian Kingham, Chairman, said:

'In July 2000 we invested £400,000 in cash to acquire our stake in Safe Estates.
The investment has been very successful and we have enjoyed an excellent return.
However, the activities of Safe Estates are tangential to the principal
activities of the Reliance Group and the board of Reliance has concluded that
the Group's managerial and financial resources are best deployed in exploiting
fully the significant opportunities in Reliance's core businesses. We wish Safe
Estates and its employees continuing success for the future.'



Notes to editors:

Reliance is an established market leader in the provision of contract security,
facilities management, support services and business process outsourcing.
Reliance employs over 12,000 people from a network of offices throughout the UK.

Enquiries:

Brian Kingham
Chairman                                    020 7730 9716

Neil French
Group Finance Director                      01895 205002



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