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Queensborough Hldgs (QSN)

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Friday 27 August, 1999

Queensborough Hldgs

Acquisition

QUEENSBOROUGH HOLDINGS PLC
27 August 1999

QUEENSBOROUGH HOLDINGS PLC ('the Company')
Acquisition of a caravan site

The Company announces that it has today agreed to acquire
the assets of a caravan holiday park at Louth,
Lincolnshire called Sunnydale Caravan Park for a total
consideration of £1.5 million payable in cash. This
caravan park comprises over 300 developed pitches
together with its own leisure complex incorporating its
own indoor swimming pool.

In the year ended 31 December 1998, this holiday park
made a gross profit of £232,000 and a loss before
taxation of £29,000.

This caravan park will form part of the Company's
continuing strategy to develop and acquire caravan parks
in the United Kingdom.

Enquiries: Philip Mason
           01703 601155

                                                                                                                                                                                                                                   

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