Re Preferred Bidder for Site

Helical Bar PLC 12 July 2002 12 July 2002 Helical Bar plc ('Helical Bar') HELICAL BAR AND MORLEY SELECTED AS PREFERRED BIDDER FOR DAIRY CREST SITE IN WOOD LANE, LONDON, W12 Helical Bar in partnership with Morley Fund Management has been selected by Dairy Crest Group plc ('Dairy Crest'), the UK's premier chilled dairy foods company, as the preferred bidder for Dairy Crest's 10.3 acre Westway site at Wood Lane, London W12. The site comprises a former milk processing and distribution plant which lies south of the A40 (M) and adjacent to the White City Underground Station (Central Line). The area is emerging as one of Central London's most significant regeneration opportunities with the proposed 1.3 million sq ft retail and leisure scheme to the south of the site and with the BBC proposing a further 1.45 million sq ft of broadcasting and production space opposite. In addition the area will benefit from major transport infrastructure changes including a new station on the West London Line and Hammersmith & City Line, new bus interchanges linking with the stations and the remodelling of Shepherds Bush underground station. Gerald Kaye, Development Director of Helical Bar, commented: 'Our selection as preferred bidder represents an extremely exciting opportunity. West London has been identified in the Mayor of London's draft London Plan as an opportunity area and the Dairy Crest site offers a rare chance to develop a substantial high density office scheme in West London. 'We are also particularly pleased to be working again with Morley for whom we are redeveloping 40 Berkeley Square, London, W1.' Richard Jones of Morley Fund Management commented: 'With the significant integrated transport interchange being developed so close by, this development will be truly sustainable and we are sure it will repeat our success at Paddington Central.' Insignia Richard Ellis are acting on behalf of Helical Bar and Morley Fund Management and Dairy Crest are being represented by Knight Frank. -ENDS- For further information, please contact:- Helical Bar Gerald Kaye/ Matthew Bonning-Snook Tel: 0207 629 0113 Financial Dynamics Stephanie Highett/Dido Laurimore Tel: 0207 831 3113 This information is provided by RNS The company news service from the London Stock Exchange