Sale Inv. Prop. - amendment

Wynnstay Properties PLC
25 May 2001


WYNNSTAY PROPERTIES PLC

25 MAY 2001

                           
                   SALE OF INVESTMENT PROPERTY - AMENDMENT


The issuer advises that the following replaces the Sale of Investment Property
announcement released today at 15:38 under RNS number 2486E.

The valuation figure should have read £700,000 and not £6700,000.

The full amended text appears below.  All other details remain unchanged.

Wynnstay Properties PLC announces that on 24 May 2001, it exchanged contracts
for the sale of its freehold investment property at 134/136 High Street,
Epping, Essex for a cash consideration of £755,000, compared with its
valuation of £700,000 at 25 March 2000.  The property, comprising 2 retail
units with 3 suites of offices above, currently produces a rental income of £
67,000 p.a.  The net sale proceeds will be applied in reducing bank
borrowings.  Commenting on the transaction, Philip Collins, Chairman, said '
The disposal of this property, at an attractive price, is entirely consistent
with the Company's stated objective of reducing its retail element and
concentrating future investment on the industrial sector in central southern
England.'


END