Sale of Worthington House

WORTHINGTON GROUP PLC 25 October 1999 SALE OF WORTHINGTON HOUSE The Board of Worthington Group plc ('Worthington') are pleased to announce that contracts have today been exchanged for the sale of their old Head Office building at Willesden in North West London for a consideration of £2.3m to M P Moran & Sons Limited. Completion will take place on 22 November 1999. The sale of the Willesden property represents a significant step in the Board's strategy to reduce Group borrowings and the proceeds of the sale will be used to repay bank borrowings. In addition, the relocation of the Group's Head Office to Shipley in West Yorkshire in June this year is expected to result in annual savings of £500,000. Joseph C Dwek CBE Executive Chairman
UK 100

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