Change of Adviser

Pathfinder Properties PLC
18 March 2004


FOR IMMEDIATE RELEASE                                              18 March 2004



           Pathfinder Properties PLC ('Pathfinder' or the 'Company')
                        Appointment of Nominated Adviser

Pathfinder today announces the appointment of Beaumont Cornish Limited as
Nominated Adviser to the Company with immediate effect.

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




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