Annual Report and Accounts

Pathfinder Properties PLC
28 June 2002



                      FOR RELEASE AT 07.30 ON 28 June 2002

                   ANNOUNCEMENT TO THE LONDON STOCK EXCHANGE

           Pathfinder Properties PLC ('the Company' or 'Properties')

         Publication of the audited financial statements of the Company

                      for the year ended 31 December 2002


The Board of Properties announces that the audited financial statements of the
Company for the year ended 31 December 2002 have been published today and will
shortly be despatched to Properties shareholders.

Copies of these financial statements will be available for one month from
today's date from the Company's head office at Capital House, Michael Road,
London SW6 2YH.


Enquiries:

Malcolm Bacchus - Pathfinder Properties PLC     020 7736 9669

Robert Lo - Nabarro Wells & Co. Limited         020 7710 7407

David Nabarro - Nabarro Wells & Co. Limited     020 7710 7409



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