RNS No 8418d
CRESTON LAND & ESTATES PLC
18th November 1998


                              
                CHANGE OF NAME AND APPLICATION FOR LISTING
                     FOLLOWING SHARE CONSOLIDATION                     
                                                                              
                                                                              
         The  Board of Creston Land & Estates plc announces  that  at         
         the  Annual  General  Meeting of  the  Company  held  on  18         
         November  1998 a Special Resolution was passed changing  the         
         name  of  the  Company to Creston plc.  

         At an Extraordinary General  Meeting  of  the Company held 
         directly  after  the Annual  General Meeting a resolution            
         was passed authorising the consolidation of the share capital
         of the Company on the basis  of  one  new  ordinary share of   
         10p for every  ten existing  shares of 1p each in the capital
         of  the  Company. An  application for listing has been made
         in relation to the new  shares of 10p each and dealings in 
         the new shares  will commence on Friday, 20 November 1998.           
           

END

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