Dealings by Directors

Wynnstay Properties PLC
11 February 2003

WYNNSTAY PROPERTIES PLC

11 FEBRUARY 2003



DEALINGS BY DIRECTORS



1)    NAME OF COMPANY

      WYNNSTAY PROPERTIES PLC



2)    NAME OF DIRECTOR

      Michael Livingstone Cheesmer



3)    Please state whether notification indicates that it is in respect of
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non-beneficial interest

      Director as named above



4)    Name of the registered holder(s) and, if more than one holder, the number
of shares held by each of them (if notified)

      Sharelink Nominees Limited JMM A/C



5)    Please state whether notification relates to a person(s) connected with
the director named in 2 above and identify the connected person(s)

      N/A



6)    Please state the nature of the transaction.  For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

      PURCHASE OF ORDINARY SHARES



7)    Number of shares/amount of stock acquired

      3,250



8)    0.10 %

      of issued class



9)    Number of shares/amount of stock disposed

      N/A



10)   (N/A %)

      of issued class



11)   Class of security

      ORDINARY 25p SHARES



12)   Price per share

      176 p



13)   Date of transaction

      11 February 2003



14)   Date company informed

      11 February 2003



15)   Total holding following this notification

      20,000



16)   Total percentage holding of issued class following this notification

      0.63%





17)   Name of contact and telephone number for queries

      Dugald Carlean           0207 426 9593



18)   Name and signature of authorised company official responsible for making
this notification

      Peter Kirkland          020 7626 3057



Date of notification

11 February 2003


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