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Probus Estates PLC (PBE)

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Tuesday 17 July, 2001

Probus Estates PLC

Issue of New Shares

Probus Estates PLC
17 July 2001



                              PROBUS ESTATES PLC

                     ('PROBUS ESTATES' or 'the Company')

                             Issue of New Shares

Probus Estates announces that it has today issued and allotted 3,260,727 new
ordinary shares of 1p each at a price of 5.5p per share. Application will be
made for the new ordinary shares to be admitted to trading on the Alternative
Investment Market and it is expected that dealings will commence on 23rd July
2001. The funds will be used to assist in the acquisition of property in The
Netherlands.


The Company now has 455,454,145 ordinary shares of 1p each in issue.



                                                                17th July 2001



                                                                                
                                                                                
                                                                                

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