Requisitioned EGM

Wynnstay Properties PLC
18 April 2000


WYNNSTAY PROPERTIES PLC ('Wynnstay' or 'the Company')

EGM REQUISITIONED BY PANTHER SECURITIES PLC

The  Company  has  today  sent a  circular  to  shareholders
convening an extraordinary general meeting, requisitioned by
Panther  Securities plc, to take place  at  the  offices  of
Teather  & Greenwood Limited, Beaufort House, 15 St  Botolph
Street,  London EC3A 7QR on Tuesday, 9 May 2000 at 3.00  pm,
to consider the following resolutions:

1.   The Board of Wynnstay be instructed to arrange the sale
  of  the  entire  property portfolio of  Wynnstay  and  its
  subsidiary companies by auction at the earliest opportunity.

2.     The   Board  be  instructed  to  produce  and  inform
  shareholders with a detailed estimate (showing  redundancy
  costs, taxation liabilities and other costs) of the amount
  that  could  be paid to shareholders in the event  of  the
  Company being liquidated.

3.   Andrew S Perloff be appointed as a director.

4.   Peter M Kellner to be appointed as a director.

5.   To remove A R Harris as a director.

6.   To remove T J Nagle as a director.

7.    A committee of three directors, to include A S Perloff
  and P M Kellner, to be formed to investigate the purchase of
  a company or companies with a view to changing the trading
  business of Wynnstay to give better shareholder value.

Accompanying the circular is a letter from the  Chairman  of
Wynnstay.

Copies  of  both the letter and circular will  be  available
from  the registered office of the Company at Cleary  Court,
21  St  Swithin's Lane, London, EC4N 8AD up to and including
the Extraordinary General Meeting.