Disposal

Cardiff Property PLC
11 January 2001


                         The Cardiff Property Plc

   'The group, including Campmoss, specialises in property investment and       

    development in the Thames Valley. The portfolio, valued in excess of
    £30m, is primarily located to the west of London, close to Heathrow
                      Airport and in Surrey and Berkshire'


            DISPOSAL OF TWO RESIDENTIAL PROPERTIES FOR £4.185m


First Choice Estates Plc, a wholly owned subsidiary of The Cardiff Property Plc,
has agreed the sale of two residential properties for a total cash consideration
of £4.185m.

The two residential properties are known as 'Foxbury' Hambledon and 'The Lodge'
Brookwood, both located in Surrey.

The original house at 'Foxbury' was acquired in March 1996 and following the
grant of planning permission was demolished and re-built to provide a 7,000 
sq ft country house standing in approximately 7 acres. The 'Lodge', is an
extensively converted detached house.

The cash proceeds of the sales will be placed on deposit pending the acquisition
of further property located in the Thames Valley, and, if the opportunity occurs
to invest in other companies.


For further information

The Cardiff Property Plc           Richard Wollenberg        01784 437444

Old Mutual Securities Ltd          Will Martin               0207 489 4653

Binns & Co Public Relations Ltd    Brian Coleman-Smith       0207 786 9600