CPP Cppgroup Plc

RNS Number:7502T
Comprop Limited
28 March 2002


                                ComProp Limited

ComProp Limited has today agreed the sale of its rental, publications, and
company search and credit checking businesses to Le Riche Group Limited for
£1.75 million to be settled in cash.

Le Riche Group Limited own 7.5% of the issued shares of ComProp Limited. Martin
Bralsford, chief executive of Le Riche Group Limited is a non-executive director
of ComProp Limited and was not involved with the detailed contracts.

The fixed assets, stocks and goodwill of the above businesses are being sold.
The book value of the assets sold was £365,000 at 31st March 2001 and the
profits before interest and tax of the businesses sold were £157,000. The sale
proceeds will be retained and used to further develop the company's property
portfolio.

Tom Scott, chairman, said "Although the businesses being sold have had an
extremely successful year the board had made clear that the company should
concentrate its activities in the field of commercial properties. The board
believed the time is right to sell the non-property businesses."

For further information contact:

Tom Scott, chairman, 01481 237 177

Charles Day, finance director, 01534 83 55 55

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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