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Probus Estates PLC (PBE)

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Monday 17 July, 2006

Probus Estates PLC


Probus Estates PLC
17 July 2006

                               PROBUS ESTATES PLC

                        SALE OF LAND AT GAVA, BARCELONA

The Directors of Probus Estates PLC (the 'Company') announced on 19 January 2006
that the Company's subsidiary, Rilantecson, S.L., had entered into a contract
for the sale of its development land at Gava, Barcelona.

This sale to Real State Vilaseca, 2002, S.L. ('Real State') has now been
completed and the full consideration of €16,500,000 in cash has been received.
The proceeds of sale will be applied to reduce the amount owing to Uni-Invest,
the Group's major creditor.

The Directors expect to make an announcement about the future of the Company
within the next two weeks.  Trading in the ordinary shares of the Company
remains suspended.

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

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