Walker Greenbank

Transfer to AIM

Walker Greenbank PLC
18 March 2003

18th March 2003



The Board of Walker Greenbank PLC announces that it intends to apply to the
London Stock Exchange for its entire issued share capital of 59,006,162 ordinary
shares of 1p each ('Ordinary Shares') to be transferred from the Official List
of the London Stock Exchange ('Official List') and admitted to trading on AIM.

It is anticipated that the Ordinary Shares will be admitted to trading on AIM
and that dealings will commence at 8.00 a.m. on 15th April 2003 and that the
listing of the Ordinary Shares on the Official List will be cancelled at the
same time.

As stated in the Interim Report and Accounts of the Company for the six months
ending 31st July 2002, the Company is undergoing a process of restructuring
towards the dual goals of a return to profitability and an unlocking of
shareholder value. The AIM market provides a more flexible environment to
achieve those goals and it is therefore considered by the Company to be in the
best interests of its shareholders to transfer its listing to AIM.

The AIM Rules require that the Company appoints a nominated adviser and broker
before its Ordinary Shares are admitted to trading on AIM. Brewin Dolphin
Securities Limited, which already acts as the Company's broker, has, in
addition, agreed to act as its nominated adviser.


Walker Greenbank PLC

David Medcalf, Chief Executive Officer        01509 225209

Julian Wilson, Company Secretary              08708 300365

Brewin Dolphin Securities Ltd

Richard Evans                                  0161 214 5553

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