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Alexanders Holdings (QYG)

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Thursday 18 July, 2002

Alexanders Holdings

Further re Acquisition

Alexanders Hldgs PLC
18 July 2002

On 4 July 2002 the company posted a circular to its shareholders concerning the
acquisition of the Poole Interests that consist of a number of companies which
between them own four properties located on the quayside of Poole Harbour,
Dorset and an option to acquire a newly-incorporated company holding a fifth
property in Poole.

Following discussions with the Takeover Panel the company is proposing to send a
supplemental circular to shareholders.  It is anticipated that this circular
will be despatched shortly and as a result it will be proposed at the company's
annual general meeting on 30 July 2002 to adjourn that meeting to a date 14 days
after the posting of the supplemental circular to enable shareholders to
consider the contents of that circular.

                      This information is provided by RNS
            The company news service from the London Stock Exchange