Requisitioned EGM

Wynnstay Properties PLC 18 April 2000 WYNNSTAY PROPERTIES PLC ('Wynnstay' or 'the Company') EGM REQUISITIONED BY PANTHER SECURITIES PLC The Company has today sent a circular to shareholders convening an extraordinary general meeting, requisitioned by Panther Securities plc, to take place at the offices of Teather & Greenwood Limited, Beaufort House, 15 St Botolph Street, London EC3A 7QR on Tuesday, 9 May 2000 at 3.00 pm, to consider the following resolutions: 1. The Board of Wynnstay be instructed to arrange the sale of the entire property portfolio of Wynnstay and its subsidiary companies by auction at the earliest opportunity. 2. The Board be instructed to produce and inform shareholders with a detailed estimate (showing redundancy costs, taxation liabilities and other costs) of the amount that could be paid to shareholders in the event of the Company being liquidated. 3. Andrew S Perloff be appointed as a director. 4. Peter M Kellner to be appointed as a director. 5. To remove A R Harris as a director. 6. To remove T J Nagle as a director. 7. A committee of three directors, to include A S Perloff and P M Kellner, to be formed to investigate the purchase of a company or companies with a view to changing the trading business of Wynnstay to give better shareholder value. Accompanying the circular is a letter from the Chairman of Wynnstay. Copies of both the letter and circular will be available from the registered office of the Company at Cleary Court, 21 St Swithin's Lane, London, EC4N 8AD up to and including the Extraordinary General Meeting.