Property Acquisition

Comprop Limited 2 April 2001 ComProp Limited acquired, on 30th March 2001, 100% of the issued share capital of Lindbergh Limited for a consideration of £1,150,000 paid in cash. Lindbergh Limited's sole asset is the freehold property No 1, Rue des Pres Trading Estate. Lindbergh Limited has on 30th March 2001 entered into a twenty-one year lease on a fully repairing and insured basis with three yearly rent reviews with Abbey Garage Limited to rent the whole property at a starting rental of £86,250 per annum.