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Equable Properties (EQU)

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Wednesday 05 September, 2007

Equable Properties

Placing Proceeds

Equable Properties PLC
05 September 2007

For Immediate Release

3 September 2007

                     Equable Properties plc ('the Company')

                                Placing Proceeds

Further to earlier announcements, the board of Equable announces that £50,000, 
received earlier in payment for shares in respect of which payment had been 
delayed, has been repaid by the Company. The repayment has been made on the 
understanding that this amount, together with the remaining £150,000 still 
outstanding,  will be received shortly.

An announcement will be made as soon as funds have been received.

Pending receipt of the funds, the Board is confident that the Company has 
adequate working capital to meet its obligations and continue normal operations.

For further information:

Desmond Bloom
Equable Properties plc                                           07793 125 625

Nominated Adviser
Marc Cramsie
Nabarro Wells & Co. Limited                                      020 7710 7400

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

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