Directorate Change

Comprop Limited
26 September 2002

                  ComProp Limited ('ComProp' or 'the Company')

             Appointment of Stephen Down as Non-Executive Director

ComProp Limited today announces that Stephen Down has been appointed as the
Finance Director of the Company to replace Charles Day, who resigned on 10th
September 2002.

Matters for disclosure under paragraph 15 of the AIM Rules with regard to the
appointment of Stephen Down:

Full Name:                         Stephen Howard Down

Age:                               45

Directorships held within the      Rothschild Asset Management (C.I.) Limited 
last 5 years:                      (appointed 3 July 1995, resigned 4 February
                                   1999)

                                   RAM Nominees Limited (appointed 25 January
                                   1991, resigned 4 February 1999)



There are no further disclosures required to be made pursuant to paragraph 15 of
the AIM Rules.

26 September 2002


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