Disposal

Helical Bar PLC
22 May 2003


22 May 2003



                        Helical Bar plc ('Helical Bar')

                     HELICAL SELLS CAPITAL HOUSE TO DUNEDIN

Helical Bar plc has sold its largest asset, Capital House, in Edgware Road,
London NW1, for £41 million to private property company Dunedin in partnership
with GMAC.

The property produces a net rental of £3.59 million per annum with just under
80% of the income derived from 87,100 sq ft of offices.  The remainder of the
income derives from the other occupant of the property, a Marks & Spencer store
on the ground floor.

The offices are let to Marathon Oil, Equifax, Thistle and Symbian and are
subject to break clauses and lease expiries in 2004.

Helical Bar is due to announce its preliminary results on Thursday 5 June.


                                     -ENDS-



For further information:-

Helical Bar
Michael Brown/Nigel McNair Scott
Tel: [phone]

Financial Dynamics (for Helical Bar)
Dido Laurimore/Stephanie Highett
Tel: [phone]



                      This information is provided by RNS
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