Havelock Europa PLC
25 July 2000
The Board of Havelock Europa PLC ('Havelock Europa' or 'the
Company') has noted yesterday's investment in the Company by
Advance Value Realisation Company Limited, a recently created
company which intends to conduct its affairs so as to qualify
for approval by the Inland Revenue as an investment trust.
Advance Value Realisation Company Limited has acquired
2,714,500 ordinary shares of Havelock Europa, equivalent to
9.68% of the Company's ordinary share capital.
Havelock Europa has asked to meet with Advance Value
Realisation Company Limited to establish the intentions behind
the investment. The Board of Havelock Europa will keep
shareholders informed of any material developments.
Havelock Europa PLC 01383-820044
Hew Balfour (Chief Executive)