Dividend Declaration

Mentmore PLC
30 January 2004

FOR IMMEDIATE RELEASE                                      30 January 2004


                                  Mentmore plc
                              Dividend declaration

The Board of Mentmore plc ('Mentmore' or 'the Company') has today announced that
the Company is now, subject to the procedural issue of filing interim accounts
for Mentmore at Companies House, able to pay dividends.

As such, the Board confirms that the special interim dividend of 0.89 pence per
Share announced on 9 July 2003, and the interim dividend of 0.445 pence per
Share announced on 10 December 2003 will be paid on 8 March 2004 to Shareholders
on the Company's register of members on 13 February 2004.

The Board also today announced its future intention to adopt a progressive
dividend policy and pay out a dividend at a level that is covered around three
times by post tax profits as stated after the amortisation of goodwill. This
level of dividend payout is thought to be appropriate at this stage of the
Group's development.


Enquiries
Mentmore plc
Clive Drysdale, Finance Director                       020 8946 3159




                      This information is provided by RNS
            The company news service from the London Stock Exchange
     DIVQKKKNDBKDBDN