Annual General Meeting

Pathfinder Properties PLC
14 September 2004


FOR IMMEDIATE RELEASE                       14 September 2004



           Pathfinder Properties PLC ('Pathfinder' or the 'Company')
                         Annual General Meeting ('AGM')

At the AGM of the Company held on 10 September 2004 ordinary resolutions 1 to 4
and special resolution 8 were passed.

Ordinary resolution 5 was not passed, and thus special resolution 7, which was
subject to the passing of resolution 5, was withdrawn and not put to
shareholders.

Ordinary resolution 6 was withdrawn pending a professional valuation. Resolution
6 will be put again at a future Extraorindary General Meeting.

The Company will be writing to shareholders shortly.

ENDS

Contact:    Roland Cornish, Beaumont Cornish Limited on 020 7628 3396
            Gerry Lee, Pathfinder Properties PLC on 020 8731 0110




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