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Equable Properties PLC (EQU)

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Friday 30 March, 2007

Equable Properties PLC

First Day of Dealings


Embargoed: 0700hrs, 30 March 2007

                            Equable Properties Plc                             

                         ("Equable" or "the Company")                          

                             First Day of Dealings                             

Equable Properties Plc, the commercial property investment company founded by
Desmond Bloom, is delighted to announce that trading in its shares on the AIM
market of the London Stock Exchange will commence today.

The Company, which intends to build a sizeable portfolio of commercial property
to include retail, offices, industrial, hotels and pubs, has today completed
its first portfolio acquisition. The portfolio of ten pubs throughout England
and Wales has been acquired as to £4.5m of cash and the issue of 12m shares in
Equable. Property valuers Knight Frank have valued the portfolio, with an
initial yield of 8%, at £5.7m.

Equable has raised £1,554,900 before expenses via the placing of 111,064,286
ordinary shares at 1.4p per share with institutional and private client
investors ("Placing").

In addition to expanding its core portfolio in the UK, Equable intends to
explore opportunities internationally and, in particular, within the developing
economies of Eastern Europe.

Desmond Bloom, the founder and Chief Executive of Equable, has more than 30
years experience within the commercial property industry. He was Chairman and
Managing Director of Dwyer Plc which was listed on the London and Dublin stock
exchanges. He later became Chairman and Managing Director of Premier Land Plc,
a commercial property investment company listed on the London Stock Exchange.
Both companies enjoyed tremendous success under Desmond's directorship with the
shares increasing from 6p to 405p and 5p to 95p respectively.

The non-executive Chairman of Equable Properties, Nicholas Jeffrey, has
considerable public company experience and, most recently, was Chairman of
Coffee Republic Plc, where he continues as a non-executive director. Nicholas
is the former Chairman of United Industries Plc as well as several other quoted
companies.

Desmond Bloom, Chief Executive, commented,

"I am strongly of the opinion that commercial properties will continue to enjoy
capital appreciation as a result of rental growth in a buoyant UK economy. For
this reason, we are delighted to offer investors a platform, in the form of
Equable Properties, to participate in what I intend to be a diverse and solid
UK portfolio with the possible additional upside of potential exceptional
returns from the developing economies of Eastern Europe."

For further information, please contact,

Desmond Bloom

Chief Executive, Equable Properties Plc

Tel. 07793 125 625

Ben Simons

Hansard Group

Tel. 020 7245 1100

Robert Lo/Natasha Reed

Nabarro Wells & Co.

Tel. 020 7710 7400

Placing and Admission Details

Placing Price: 1.4p

Number of Existing Ordinary Shares: 5,000,000

New Ordinary Shares being issued pursuant to the Placing: 111,064,286

Number of Ordinary Shares in issue following the Placing: 129,850,000

Percentage of enlarged issued ordinary share capital being represented by
the Placing Shares: 85.53%

Percentage of enlarged issued ordinary share capital held by the Directors:
9.35%

Market capitalisation on Admission at the Placing Price: £1,817,900

Net proceeds: £1,070,692


                                                                                                                                                               

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