Statement re. Press Comment

Pathfinder Properties PLC
20 September 2002


Pathfinder Properties PLC

20th September 2002


The Directors have noted comment in this morning's press and confirm that
negotiations are on-going, which may or may not lead to the sale of the
Company's Merchant Village development site in Glasgow.  A further announcement
will be made in due course.



Enquiries:     Marc Green    Pathfinder Properties PLC    020 7736 9669


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