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Minerva PLC (MNR)

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Tuesday 13 January, 2004

Minerva PLC

Stmt re Tallest Office Tower

Minerva PLC
13 January 2004


                       MINERVA WINS TALLEST OFFICE TOWER

Minerva plc has been given the go ahead today by The Corporation of London for 
the City's tallest and largest office tower, The Minerva Building, which will be 
217m (712ft) and 50 floors high. It will also be the first single building in 
the City to provide 1 million sq ft of high quality and flexible office space, 
accommodating up to 10,000 people.

Andrew Rosenfeld, chief executive of Minerva, said:

"This is a major achievement not only for Minerva but also for the City of 
London. We have been given the green light to deliver the first one million 
square foot office tower which will sit in the heart of the world's most 
important financial centre.

"It is fitting that this magnificent tower, which will redefine the City's 
skyline, has been created by a British developer working with a leading British 
architect. Within the context of a strengthening global economy we are confident 
that this development will provide investors with a unique opportunity to 
participate in significant additional shareholder value."

The Minerva Building is designed by leading British architects Grimshaw.


Enquiries

Ian Lindsley, Jefferson Communications - 020 7621 9999 or 07887 681561


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