Disposal

Walker Greenbank PLC
3 September 2001


3 September 2001


                      Walker Greenbank sells Warner Fabrics


Walker Greenbank, the wallcoverings and fabrics group, has agreed the sale of
Warner Fabrics, one of its fabrics businesses to Turnell and Gigon Design and
Supply Limited, a private fabrics company for £453,000, of which £275,000 is
payable on completion and the balance in instalments to August 2002.

The sale will allow the group to concentrate its design and marketing skills
at the top-end sector of the fabric and wallpaper market on its Zoffany brand.
The proceeds from the sale will allow further development of Zoffany as well
as other initiatives in the Walker Greenbank group.

The loss on disposal is £100,000 before taking account of a further £1.2
million of goodwill previously written off to reserves.

The Warner Archive of historic fabric designs for woven and printed furnishing
and clothing fabrics is not included in the sale.



For further information:


David Medcalf, Chief Executive                   John Rudofsky
Walker Greenbank PLC                             Helsen Communications
01509 225209                                     020 8786 6699