Disposal of assets

Helical Bar PLC
13 July 2001

13 July 2001



                       Helical Bar plc ('Helical Bar')



                 HELICAL BAR SELLS £22.4 MILLION MIXED PORTFOLIO



Helical Bar today announces that it has sold a mixed portfolio of properties
to Antler Commercial Investments for £22.4 million.



The properties in Bristol, Bellshill, Leamington Spa, Lincoln, Sunderland,
Berwick and Stoke on Trent comprise office, industrial and retail trading and
investment properties.  The portfolio has a passing rent of £1,813,480 per
annum and had a book value of £22.4 million at 31 March 2001.


The consideration for the sale was cash.  This will be used to reduce debt and
increase Helical Bar's liquid resources.



For further information, please contact:



Nigel McNair Scott, Helical Bar, Tel: [phone]



Stephanie Highett, Financial Dynamics, Tel: [phone]



Dido Laurimore, Financial Dynamics, Tel: [phone]