Result of Meeting

Cardiff Property PLC
15 January 2002



The Cardiff Property Plc

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

At the company's annual general meeting held today all resolutions placed before
the meeting were approved including the final dividend of 4p per share for the 
year-ended 30 September 2001, which will be paid to shareholders on 15 February 
2002.

Since the September 2001 year-end, a residential property in Windsor has been 
sold for a total cash consideration of £530,000. The proceeds have been placed 
on deposit pending the acquisition of further property located in the Thames 
Valley.

Whilst your directors continue to take a cautious view of the market, the 
company is currently negotiating to acquire two residential property sites which
if successful, will involve the submission of planning applications for 
demolition of the existing properties and construction of new units.

The group's 30,000 sq ft new office scheme at Maidenhead, being developed by our
joint venture undertaking Campmoss Property, is expected to complete towards the
end of the second quarter of this year. Agents have recently been appointed to 
seek a letting of the building.


For further information

The Cardiff Property plc          Richard Wollenberg     01784 437444
Old Mutual Securities             Kevin Wilson           0161 819 2110    
Binns & Co Public Relations       Brian Coleman Smith    0207 786 9600