RNS Number:4890J
AIM
01 April 2003


                 ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS DAYS PRIOR TO ADMISSION

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:
WALKER GREENBANK PLC

COMPANY ADDRESS:
BRADBOURNE DRIVE
TILBROOK
MILTON KEYNES
BUCKINGHAMSHIRE
COMPANY POSTCODE:
MK7 8BE

COUNTRY OF INCORPORATION:
ENGLAND AND WALES

COMPANY BUSINESS:
DESIGN, MARKETING AND DISTRIBUTION OF WALL COVERINGS AND FABRICS

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price):
59,006,162 ORDINARY SHARES OF 1 PENCE EACH

CAPITAL TO BE RAISED ON ADMISSION:
NONE

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
IAN KIRKHAM                  NON-EXECUTIVE CHAIRMAN
PETER HARKNESS               NON-EXECUTIVE DIRECTOR
DAVID MEDCALF                CHIEF EXECUTIVE OFFICER
JOHN SACH                    GROUP FINANCE DIRECTOR

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
STATING WHETHER BEFORE OR AFTER ADMISSION:
BEFORE AND AFTER ADMISSION
PALMCO LLP                                        25.18%
MERRILL LYNCH INVESTMENT  MANAGEMENT LTD           6.09%
WALKER GREENBANK EBT                               4.32%
BRITISH AIRWAYS PENSION TRUSTEES LTD               4.17%
PRUDENTIAL PLC                                     3.73%
FRAMLINGTON INVESTMENT MANAGEMENT LTD              3.39%

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES.
NONE

ANTICIPATED ACCOUNTING REFERENCE DATE:
31st JANUARY

NAME AND ADDRESS OF NOMINATED ADVISER:
BREWIN DOLPHIN SECURITIES LIMITED
PO BOX 512
NATIONAL HOUSE
36 ST ANN STREET
MANCHESTER M60 2EP

NAME AND ADDRESS OF BROKER:
BREWIN DOLPHIN SECURITIES LIMITED
PO BOX 512
NATIONAL HOUSE
36 ST ANN STREET
MANCHESTER M60 2EP

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS
WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES.
N/A

DATE OF NOTIFICATION:
1 APRIL 2003

NEW/ UPDATE (see note):
NEW

LISTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTMENT STRATEGY
WALKER GREENBANK PLC IS UNDERGOING A PROCESS OF RESTRUCTURING TOWARDS THE DUAL GOALS OF A RETURN TO PROFITABILITY AND
AN UNLOCKING OF SHAREHOLDER VALUE.  IN THE CURRENT MARKETPLACE THIS IS MOST LIKELY TO BE ACHIEVED THROUGH THE
DEVELOPMENT OF THE GROUP'S BRAND ACTIVITIES RATHER THAN THROUGH THE GROWTH OF ITS MANUFACTURING FACILITIES.  THE AIM
MARKET PROVIDES A MORE FLEXIBLE ENVIRONMENT TO ACHIEVE THOSE GOALS AND IT IS THEREFORE CONSIDERED TO BE IN THE BEST
INTERESTS OF THE COMPANY TO TRANSFER ITS LISTING TO AIM.
A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED SINCE THE
END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED OR AN APPROPRIATE NEGATIVE STATEMENT
SAVE AS DISCLOSED BELOW, THERE HAS BEEN NO SIGNIFICANT CHANGE IN THE FINANCIAL OR TRADING POSITION OF WALKER GREENBANK
PLC SINCE 31 JULY 2002, THE DATE TO WHICH THE LAST PUBLISHED INTERIM STATEMENT HAS BEEN MADE UP.

AS AT 31 JANUARY 2003 THE DETERIORATION IN EQUITY MARKETS HAS RESULTED IN A SIGNIFICANT INCREASE IN THE GROUPS PENSION
LIABILITY CALCULATED IN ACCORDANCE WITH FRS17.
A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT ITS WORKING CAPITAL WILL BE INSUFFICIENT
FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION
THE DIRECTORS OF WALKER GREENBANK PLC HAVE NO REASON TO BELIEVE THAT ITS WORKING CAPITAL WILL BE INSUFFICIENT FOR AT
LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION.

DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES.
N/A



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