Disposal

Helical Bar PLC
20 June 2001


20 June 2001

                       Helical Bar plc ('Helical Bar')


HELICAL BAR IN £63.5M CITY SALE


Helical Bar is delighted to announce that it has forward sold its development
at 3 Bunhill Row, London EC1 for £63.5 million, reflecting a yield of 6.65% to
a limited partnership formed by Matrix Securities.  The development, which is
currently under construction, comprises circa 99,000 sq. ft. of office space
and is due for completion in December 2002.



Helical Bar pre-let the ground and 1st to 4th floors to solicitors,
Linklaters, who also may take the remaining space on the 5th, 6th & 7th
floors.  Helical Bar has agreed to underwrite the rental payments on the top
three floors until they are let should Linklaters decide not to occupy these
additional floors.



Gerald Kaye, Director of Helical Bar commented, 'We are extremely pleased to
conclude this deal so rapidly after the completion of One Bunhill Row, the
adjoining 260,000 sq. ft. scheme which was pre-let to solicitors Slaughter and
May and forward funded with Deka'.


Robert Randall, Director of Matrix Securities says 'We were delighted to
secure another long term, high quality City pre-let on behalf of our investors'.


Matrix were advised by Weatherall Green & Smith and Drivers Jonas.

Helical was advised by FPD Savills.




For further information, please contact:



Gerald Kaye,/Nigel McNair Scott

Helical Bar

Tel: [phone]



Stephanie Highett

Financial Dynamics

Tel: [phone]