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Probus Estates PLC (PBE)

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Monday 20 May, 2002

Probus Estates PLC

Issue of Equity

Probus Estates PLC
20 May 2002


Probus Estates PLC has issued and allotted 16,648,230 new ordinary shares of 1p
each in accordance with the guarantee agreement entered into with Uni-invest NV,
in connection with the acquisition of land at Can Vinyes, at an issue price of
2.375p each.

Application will be made for the shares to be admitted to AIM. It is expected
that dealings will commence on 24 May 2002.

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

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