Statement: property disposal

Caffyns PLC
06 October 2006


Caffyns PLC
6 October 2006

PROPERTY DISPOSAL

Caffyns PLC ('the Company')

The Chief Executive indicated in the Company's 2006 Annual Report that planning
issues had continued to delay the sale  of its site in Hove, Sussex. The site
had been sold to Berkeley Homes (Southern) Limited ('Berkeley') conditional on 
obtaining planning permission. The appeal against the planning refusal by the
local authority has been unsuccessful and  the contract with Berkeley has
therefore been terminated, leaving the Company free to offer the site for sale
on an  unconditional basis.

Enquiries:

Simon Caffyn
Chief Executive

Mark Harrison
Finance Director

Telephone:  [phone]





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