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Equable Properties (EQU)

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Monday 28 January, 2008

Equable Properties

Receipt of placing proceeds

Equable Properties PLC
28 January 2008


                 Equable Properties plc ('Equable Properties')

                      Receipt of final Placing proceeds


Further to the announcement released on 20 April 2007 relating to the delay in
payment for part of the proceeds of the Company's placing of ordinary shares on
31 March 2007 (the 'Placing'), the Company is pleased to announced that the
final outstanding amount of GBP50,000 has been received. This now completes the
Placing.

For further information:

Desmond Bloom, 
Chief Executive Officer      Equable Properties plc            07793 125 625

Clive Carver                 JMFinn Capital Markets            020 7600 1658


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

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