Disposal

Capitaltech PLC
20 April 2001


CapitalTech's wholly owned subsidiary, South Eastern Recovery II Limited, 
('SERII') has exchanged contracts with completion to be effected on 15 May 2001,
for the sale to The Residential Property Unit Trust of (a) 37 flats in five
developments in Buckinghamshire, Hertfordshire and Hampshire at a
consideration of £2,756,923, and (b) the entire issued share capital of
Crowfield House Management Limited ('Crowfield'), a dormant freehold owning
subsidiary with net assets of £1 for a consideration of £1 plus refund to
SERII of inter-company debt of £13,077 representing the Group's internal
transfer price of freeholds transferred by SERII to Crowfield.

This is a substantial transaction in terms of the AIM Rules.  The said flats
(and freeholds) were carried by the Group at £2,807,000 (the net asset figure)
but after management costs and interest allocation traded at break-even.  The
consideration is being paid in cash and will be applied by the Group to reduce
gearing by repayment of £1.4 million to Group bankers and £1.2 million in
further reduction of the Group's indebtedness to the Adair Trusts, the Group's
majority shareholder in which the Group's Chairman, RFM Adair has an interest.

The Residential Property Unit Trust is a Jersey domiciled open ended
unauthorised property unit trust managed by Schroder Property Managers
(Jersey) Limited.