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McMullen & Sons Ld (53HK)

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Monday 25 February, 2002

McMullen & Sons Ld

Statement re. Press Comment

McMullen & Sons Ld
25 February 2002

                             FOR IMMEDIATE RELEASE


25 February 2002


                     McMullen & Sons, Limited ('McMullen')

Following recent press speculation, the Board of McMullen announces that it is
in the process of appointing financial advisers to consider options for best
realising the value of the Company in order to provide liquidity for
shareholders.

A high proportion of the Company's shares are held in long-standing trusts.

A number of these trusts and associated shareholders holding a majority of the
ordinary share capital have indicated that they wish to realise their investment
in the Company in order to diversify their portfolio of investments.

The options to be considered will include the possibility that the business will
be sold to satisfy the objectives of the shareholders.

Enquiries:

College Hill

Matthew Smallwood                                   020 7457 2020




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