PurchaseOf OwnSecurities, etc

Cardiff Property PLC
15 May 2001

Letter to: Company Announcements Office

I write to advise you that:

The Cardiff Property plc has purchased 13,000 of its own ordinary shares of 20
pence each at a price of £4.92.  The shares acquired are to be cancelled.

Mr David Whitaker, a director of the company, has transferred the remaining 300
shares of his holding in the company at £4.92 to Netpage Communication Ltd, a
company owned and controlled by him.  There is, therefore, no change in
beneficial the ownership of these shares.

Letter from: The Cardiff Property PLC