Sale of Nottingham Site

Molins PLC
30 August 2007

30 August 2007
                   FOR IMMEDIATE RELEASE



                                   MOLINS PLC

                            Sale of Nottingham Site


Molins PLC today sold its freehold interest in a property in Nottingham (the
Property) for a consideration of £3.7m, which was paid in cash.  After tax and
expenses, including a provision for rental guarantees, the net proceeds to
Molins are expected to be approximately £3.1m.  Of the net proceeds,
approximately £0.5m will be used to provide additional funding to the Company's
UK pension scheme and the balance to repay debt.  At 31 December 2006 the book
value of the Property was £1.8m before deferred tax, £1.7m after deferred tax.



The purchaser of the Property is Kenmore Capital Portfolio Limited (the Buyer),
a subsidiary of Kenmore Property Group Limited, a trading and development
property investment company and fund management group, based in the UK.



The Property, which comprises some 6,500 square metres of office and industrial
space, was retained by Molins following the sale of its Sandiacre Rose Forgrove
business in December 2006.   The Property is leased by Hayssen Europe Limited
(the tenant) for a rent of £0.3m per annum, which is separately subject to a
rebate from Molins to the tenant of £0.1m per annum.  The lease expires in
December 2009 or on an earlier date, subject to the tenant giving six months
notice.  Molins has guaranteed rental income to the Buyer of £0.3m per annum
until December 2009.  As at 30 August 2007 the tenant had not given notice to
terminate the lease.  Net rental income received by Molins in relation to the
Property in the financial year to 31 December 2006, which covered the period 19
December to 31 December, was £7,000.



Molins will be publishing its interim results for the six months period to 30
June 2007 on 31 August 2007.









Enquiries:   Molins PLC                    Tel: [phone]
             Peter Byrom, Chairman         David Cowen, Group Finance Director



Issued by:   Citigate Dewe Rogerson        Tel: [phone]
             Margaret George


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