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Equable Properties (EQU)

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Friday 31 August, 2007

Equable Properties

Receipt of Placing Proceeds

Equable Properties PLC
31 August 2007

For Immediate Release

31 August 2007

                  Equable Properties plc ('the Company')

                          Receipt of Placing Proceeds

Further to the announcement released on 20 April 2007 relating to delay in
payment for part of the proceeds of the Company's recent placing of ordinary
shares ('Placing'), the Company today announces that a further £200,000, has now
been received by the Company. The total funds received to date amount to
£450,000. A further £150,000 is expected shortly and notification will be given
as soon as these funds have been received.

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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