Disposal

Creightons PLC
7 December 2000


        Creightons plc ('Creightons' or 'the Company')
                               
        Disposal of freehold property for £1.24 million
                               
Creightons  announces  that it has  entered  into  a  contract
conditional  only on shareholder approval to  dispose  of  its
freehold  interest  in Units 7-11 and 18  and  19  Water  Lane
Industrial  Park,  Storrington, West Sussex  (the  'Property')
which currently houses part of the manufacturing operation  of
the   Group  to  Brecon  Developments  Limited  for   a   cash
consideration  of  £1.24  million  (excluding  expenses).  The
manufacturing plant and equipment will be relocated as part of
a streamlining exercise on the remaining site.

Under  the terms of the agreement Creightons is to give vacant
possession of the Property on or before completion. A  10  per
cent.  deposit  has been received from the  purchaser  by  the
Company's  solicitors, with the balance of  the  consideration
due  on  completion, which will take place no  later  than  31
March  2001. The Property, which comprises approximately 4,095
sq  m  (44,076 sq ft) of existing factory and office buildings
situated  on 0.64 hectares (1.59 acres) of land, was  recently
independently valued at £1.24 million. The net proceeds of the
transaction  will  be  used  to  reduce  the  Company's   bank
indebtedness.

A circular containing details of the transaction and convening
an  Extraordinary General Meeting, due to be held  in  January
2000, will be posted to shareholders shortly.

The  sale  of  the Property is in accordance with the  Board's
previously announced strategy.

Contacts:

William McIlroy
Creightons plc                [phone]

Andrew Ross
Strand Partners Limited       [phone]