Superstore development

Panther Securities PLC 6 July 2001 EMBARGOED - not to be released until 7.00 a.m. 6th July, 2001 PANTHER SECURITIES PLC ('Panther' or 'the Company') Planning Permission granted for Bristol Superstore Development Panther Securities PLC is pleased to announce that the Secretary of State for Transport, Local Government and the Regions, has given outline planning permission for Panther's food superstore development at Symes Avenue, Hartcliffe, Bristol. The proposals include a 69,000 sq. ft. food store with 419 car parking spaces, 10,000 sq. ft. of community facilities, which include a library and advice centre and 20,000 sq. ft. of mixed use, smaller shop units. Panther owns the majority of the existing shopping centre held on a long lease from Bristol City Council, which owns the freehold and also the extra land required to accommodate the development. The scheme was called in by the Secretary of State for his own decision, because of its size and now that this hurdle has been surmounted, Panther will be seeking to secure a superstore operator and tenants for the remainder of the proposed scheme. Enquiries Panther Securities PLC Andrew Perloff Tel: 020 7278 8011 Chairman