Property Disposal

Wynnstay Properties PLC
21 November 2006


21 November 2006

                    Wynnstay Properties PLC (the 'Company')

                               Property Disposal
                              Kilmuir House, Epsom


Wynnstay Properties PLC announces that on 21st November 2006, contracts were
exchanged for the sale of its freehold property at Kilmuir House, Epsom for a
cash consideration of £2,000,000 payable on completion, scheduled for 17th
January 2007.

Currently a vacant four storey office building, planning consent was obtained
for the construction of a fifth floor and for the property's conversion into 15
residential apartments, with A2 commercial use on the ground floor.

After taking account of the settlement negotiated with the previous tenant and
the design, planning and selling costs involved, this disposal is expected to
result in a net surplus over book value (being £1,080,000) of approximately
£948,000, on which no tax liability should arise.  This surplus equates to 30
pence per share, which will be reflected in the Company's financial statements
for the year ending 25th March 2007.

The proceeds of sale will be applied in reducing the Company's borrowings,
thereby providing additional funds for future property acquisitions.

Commenting on the transaction, Philip Collins, Chairman, said 'This very
profitable transaction was achieved as a result of the Company procuring a
skilfully and sensitively designed scheme for the conversion of the property to
satisfy stringent planning requirements, coupled with a professionally executed
marketing campaign.'



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