RNS Number:8787S
Cape PLC
04 December 2003



                               CAPE PLC ("Cape")

                               Property Disposal


The Cape board is pleased to announce the exchange of contracts for the sale of
the land and buildings at the former Cape Calsil factory site at Washington,
Tyne & Wear.


An initial deposit of #100,000 was paid upon exchange of contracts with the
balance of the #1 million purchase price due on completion of the sale which is
expected to take place within the first quarter of 2004. The former factory site
has been fully written down in the books of Cape Calsil Systems Limited. The
proceeds from the sale will be used to further reduce group borrowings.


4 December 2003






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