Disposal

Helical Bar PLC
07 June 2004


7 June 2004


                        Helical Bar plc ('Helical Bar')


            HELICAL BAR SELLS SAINSBURY'S SUPERSTORE AT WEDNESFIELD




Helical Bar plc has disposed of the Sainsbury's superstore at Wednesfield by
means of a disposal of its interests in the Helical (Wednesfield) partnership
for £18.36 million in cash. Approximately £9.1 million has been applied towards
redeeming bank debt secured against the property.



The purchaser is a subsidiary of LXB, a privately run property company
specialising in out-of-town retail.



The Wednesfield property comprises a store of 69,129 sq ft, plus a petrol
filling station let to Sainsbury's Supermarkets Ltd on a lease expiring in 2025
at a rental of £802,968 per annum.







For further information, please contact:



Helical Bar
Michael Brown, Investment Director
Tel: [phone]

Financial Dynamics
Stephanie Highett/Dido Laurimore
Tel: [phone]




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