Disposal of Property

Savills PLC
10 August 2004

10 August 2004

                              DISPOSAL OF PROPERTY

The Directors of Savills plc are pleased to announce that through its
wholly-owned proprietary property trading subsidiary, Grosvenor Hill Ventures
Limited, agreement has been reached for the disposal of Talbot Green Retail
Park, Llantrisant for a cash consideration of £18.1million.

This property was originally acquired as an investment, however following a
particularly successful letting of one of the units it was considered more
appropriate to realise the resulting uplift in value now.

After deducting directly attributable costs, the disposal will result in an
additional £7million of profit in the second half of 2004; however there will be
minimal impact on 'normalised profits', i.e. before property sales and goodwill
amortisation. The cash generated will be ultimately used to further develop the
Group's business.

Commenting on the disposal, Aubrey Adams, Chief Executive of Savills, said: 'I
am delighted that we have been able to achieve such a significant profit for the
benefit of our shareholders'.

ENDS

For further information, please contact:

Savills plc
Aubrey Adams                          020 7409 9923

Grandfield
Marc Popiolek / Samantha Robbins      020 7417 4170

Notes to editors:

Savills plc is a leading international property services company with a full
listing on the London Stock Exchange. The company has undergone dynamic growth
in recent years establishing itself as a powerful player on the international
stage with offices and associates throughout the UK, Europe, Asia Pacific and
Africa. In addition, Savills' strategic alliance with a top US full service real
estate advisory company, Trammell Crow Company, in North America, means that
clients have access to a network of offices in the US and Canada.

FPDSavills is the trading name for the property service subsidiaries of Savills
plc which advise on commercial, rural, residential and leisure properties.  
Other services include corporate finance advice, property and venture capital 
funding and a range of property related financial services.




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