Purchase of Own Securities

Cardiff Property PLC
12 December 2002


                            The Cardiff Property plc

                    56 Station Road, Egham, Surrey TW20 9LF
                     Tel: [phone]    Fax: [phone]
                     E-mail: [e-mail]
                     Web: http://www.cardiff-property.com/


FOR IMMEDIATE RELEASE                                      12 DECEMBER 2002

     (The group, including Campmoss, specialises in property investment and
  development in the Thames Valley. The portfolio, valued in excess of £32m is
primarily located to the west of London, close to Heathrow Airport and in Surrey
                                and Berkshire.)


                            PURCHASE OF OWN SHARES


The board of The Cardiff Property plc announces that on 10 December 2002 the
company purchased 40,000 of its own ordinary shares of 20p each at £5.17 per
share. These shares will be cancelled.

David A Whitaker
Secretary


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