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Foster(John) & Son (FTJ)

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Friday 10 September, 1999

Foster(John) & Son

Disposal

FOSTER (JOHN) & SON PLC
10 September 1999


John Foster & Son announces that it has today entered into an agreement for the
sale of Black Dyke Mill, its adjacent car park and the Broomfield site.  The
agreement is conditional only upon shareholder approval and a circular will be
sent to shareholders in due course seeking their consent.

The purchaser is an independent private property owner which operates similar
assets in the area and the combined purchase price for the three sites is
£1,550,000.  The net book value of the assets being sold as at the 28 February
1999 was £1,044,000.

The mill currently operates as a property rental business.  For the year ending
28 February 1999 John Foster & Son plc had an annual rental income from the
mill of £226,000.

This disposal is part of the Directors on going policy as outlined in the
Group's recent preliminary announcement and the proceeds will be used to reduce
group debt.


                                                              

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