WNER Wt Wner Usd

RNS Number:2447M
Warner Estate Holdings PLC
12 May 2005

                          Update on Property Strategy

Warner Estate and its property funds have made a number of purchases from Morley
in recent years and have established a dialogue through these transactions. One
result of this dialogue has been a discussion about the establishment of a
regional office fund. Good progress has been made in the last few weeks that
could lead to a #250m fund being launched.

                                     -ends-




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

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