Disposal

Capitaltech PLC 30 April 2001 CapitalTech plc ('the Company') : Property Disposal The Company's subsidiary NC (Res) Limited sold on 30 April 2001 to Oystercatcher Limited Partnership a property containing 22 flats let out on tenancies at Forest Hall, Tyne & Wear, at a price of £860,000 with the vendor meeting stamp duty charges of 4% of the consideration price. By aggregation with a sale to the same purchaser announced on 30 March 2001 this is a substantial transaction in terms of the AIM Rules. The net asset value of the assets the subject of the transaction is £860,000, and the assets traded at break even after management and interest costs. The consideration was paid in cash and is being applied in repaying £560,000 to bankers and £ 250,000 to the Adair Trusts, in which the Company's Chairman, R F M Adair, is interested. The effect on the Company is to reduce gearing and further concentrate property investment in Scotland. 30 April 2001 END

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