Statement re. Press Comment

Pathfinder Properties PLC 20 September 2002 Pathfinder Properties PLC 20th September 2002 The Directors have noted comment in this morning's press and confirm that negotiations are on-going, which may or may not lead to the sale of the Company's Merchant Village development site in Glasgow. A further announcement will be made in due course. Enquiries: Marc Green Pathfinder Properties PLC 020 7736 9669 This information is provided by RNS The company news service from the London Stock Exchange