RNS Number:2779Y
Warner Estate Holdings PLC
8 July 2002

                   Warner Estate Holdings PLC ("the Company")

                     Midland Commercial Properties Limited

The Company announces that on 5 July 2002 it completed the sale of its 50%
shareholding in Midland Commercial Properties Limited for a consideration of
£2,081,115.

Date: 8 July 2002.


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