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Probus Estates PLC (PBE)

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Monday 24 February, 2003

Probus Estates PLC

Office Closure

Probus Estates PLC
24 February 2003

PROBUS ESTATES PLC ('Probus' or the 'Company')

The Directors of Probus announce that the Group's London office has been closed
with effect from 21 February 2003.  This decision has been taken in an effort to
reduce the overheads of the Group.

The Group's principal office is now located at the Casino de Mallorca, in Spain.
The address of the Group's registered office remains unchanged.

Following the closure of the London office, Patrick Browning, Finance Director,
will cease to have any executive duties and becomes a Non-Executive Director
with immediate effect.

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

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