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BFS Managed Prop Ltd (BFM)

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Wednesday 13 November, 2002

BFS Managed Prop Ltd

Holding(s) in Company

BFS Managed Properties Ltd
13 November 2002


BFS MANAGED PROPERTIES LIMITED ('the Company')

NOTIFICATION OF MAJOR INTERESTS IN SHARES

The Company received notification on 13 November 2002 from LeggMason Investors
('LMI') that on 7 November 2002 LMI sold 4,900,000 Ordinary shares of 25 pence
each in the Company on behalf of LeggMason Investors Income & Growth Trust plc,
representing 5.57% of the issued share capital of that class.

This transaction takes LeggMason Investors Income & Growth Trust plc's holding
to 0 Ordinary shares and the shares managed by LMI to 0 Ordinary shares.

The shares were registered in the name of HSBC Global Custody Nominees (UK) Ltd.


Channel Islands Fund Services Limited, Company Secretary

12 November 2002


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