Disposal of Property

Brooke Industrial Holdings PLC
11 December 2001

BROOKE INDUSTRIAL HOLDINGS PLC (the 'Company')

DISPOSAL OF PROPERTY

The Company is pleased to announce that it has disposed of a freehold property
in Bradford to a private individual for £295,000. The property is surplus to
the Group's requirements and has been vacant for some time. The consideration
for the sale is above the book value of the property and, after costs, no
material profit or loss will be realized as a result of the disposal. The sale
eliminates the costs of maintaining the property and realises value for the
Group that can be applied to reducing its overall indebtedness.


ENDS