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Wates C.Ldn.Props. (WLP)

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Tuesday 26 September, 2000

Wates C.Ldn.Props.

Result of EGM

Wates City of London Properties PLC
26 September 2000

Dated 25th September 2000

Wates City of London Properties Plc

At today's EGM the shareholders of Wates City of London Properties plc voted
unanimously to approve a resolution to dispose of four investment properties. 
Following the meeting Wates City completed the sale of three of the properties,
City Tower, City Place House and 90 Queen Street, to The- Prudential Assurance
Company Limited.  The fourth property, Winchester House, is still the subject of
pre-emption in favour of Morgan Grenfell & Co. Limited.  It will be sold to
either Prudential or Morgan Grenfell later in the year.


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