Asset Sale

Dinkie Heel PLC
01 December 2003

1 December 2003



                                Dinkie Heel Plc

                                   Asset Sale

Dinkie Heel plc is pleased to announce the completion of the sale of its long
leasehold premises in Warmley Bristol at a price net of all expenses of £390,000
and realising a profit over net book value of approximately £145,000. This
completes the sale of the company's premises that are surplus to requirements
following the relocation of toe cap manufacturing to Botswana. The proceeds of
sale will reduce borrowings.


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