Result of EGM

Wynnstay Properties PLC
9 May 2000


WYNNSTAY PROPERTIES PLC ('Wynnstay' or 'the Company')
9 MAY 2000

RESULT OF EGM REQUISITIONED BY PANTHER SECURITIES PLC

The  Company  is pleased to announce that at  the  EGM  held
today all the resolutions proposed by Panther Securities PLC
were rejected by shareholders.

On  a  poll  the votes cast for and against each  resolution
were as follows:

RESOLUTION  1  (that the Board of Wynnstay be instructed  to
arrange  the  sale  of  the  entire  property  portfolio  of
Wynnstay  and  its subsidiary companies by  auction  at  the
earliest opportunity):
FOR: 946,968                  AGAINST: 1,805,645

RESOLUTION  2 (That the Board be instructed to  produce  and
inform   shareholders  with  a  detailed  estimate  (showing
redundancy costs, taxation liabilities and other  costs)  of
the  amount that could be paid to shareholders in the  event
of the Company being liquidated):
FOR: 975,613                  AGAINST: 1,777,000

RESOLUTION  3  (That  Andrew S Perloff  be  appointed  as  a
director):
FOR: 955,868                  AGAINST: 1,796,745

RESOLUTION  4  (That Peter M Kellner to be  appointed  as  a
director):
FOR: 950,468                  AGAINST: 1,802,145

RESOLUTION 5 (To remove A R Harris as a director):
FOR: 946,968                  AGAINST: 1,805,645

RESOLUTION 6 (To remove T J Nagle as a director):
FOR: 946,968                  AGAINST: 1,805,645

RESOLUTION  7  (That  a  committee of  three  directors,  to
include  A  S  Perloff  and P M Kellner,  to  be  formed  to
investigate  the purchase of a company or companies  with  a
view  to  changing the trading business of Wynnstay to  give
better shareholder value):
FOR: 952,868                  AGAINST: 1,799,745

Of  the  shares voted in favour of each resolution,  939,039
are owned by Panther Securities PLC.