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Swallowfield PLC (BAR)

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Friday 05 May, 2000

Swallowfield PLC


Swallowfield PLC
5 May 2000

Swallowfield plc, the manufacturer of fine quality household goods, toiletries
and cosmetics, announces that on Friday 5 May 2000 it signed a binding
agreement to sell its vacated factory in Brussels to a third party.  The sale
is expected to conclude by the middle of June.  The net sale proceeds of 
BFr 60,140,000 in cash (approximately £850,000) will initially be used to
reduce net debt.

The building (net of sale costs) was valued in the 1999 annual accounts at 
BFr 47,109,000 (approximately £728,000).


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