HRL Hurlingham

RNS Number:0095A
Hurlingham PLC
15 August 2002

Hurlingham Plc
15 August 2002



Property Disposal


Hurlingham Plc is pleased to announce that it has exchanged contracts for the
sale of its long leasehold interest in no 12, Wilton Court, Richmond, for a cash
consideration of #220,000 (Two hundred and twenty thousand pounds).


The residential property, which was bought in May 1998 for #119,573, had a book
value of #170,000 and yielded a gross rental income of #10,200pa.  The net sale
proceeds will be used to reduce the group's indebtedness.


Completion is expected to occur on 19 August 2002.



END




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