Disposal

Hill & Smith Hldgs PLC
4 June 2001

In line with the policy of disposing of investment and surplus properties,
Hill & Smith Holdings PLC ('Hill & Smith' or the 'Company') has sold Lygon
Court in Halesowen to New World Securities Limited for a cash consideration of
£1.06 million.  The site was previously producing annual rental income of £
0.12 million.



The consideration will be used to reduce net borrowings of Hill & Smith.



The Company will be announcing its interim results for the six months ended 31
March 2001 on Wednesday, 6 June 2001.


For further information, please contact:

Hill & Smith Holdings PLC                                   Tel:  [phone]
David Grove, Chief Executive
Howard Everett, Company Secretary

Rawlings Financial PR Limited                               Tel:  [phone]

Catriona Valentine




Note to Editors



Hill & Smith Holdings PLC, based in Bilston in the West Midlands, contains
companies operating in the fields of building and construction products,
fencing and barriers, steel stockholding, and galvanising services.