Termination of Discussions

Pathfinder Properties PLC 02 February 2004 Pathfinder Properties PLC ('Pathfinder') Termination of Discussions Further to the announcement made on 9th January 2004 and following discussions with the Company's Nominated Adviser, Nabarro Wells & Co. Ltd, the Board of Pathfinder announces that it has decided to terminate the process of seeking potential investors in the Company as it considers that there is no longer any significant prospect of a transaction arising which would be in shareholders' interests. Dated 2 February 2004 This information is provided by RNS The company news service from the London Stock Exchange