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Westbury Prop Fund (STOI)

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Thursday 13 April, 2006

Westbury Prop Fund

Re Investment Manager

Westbury Property Fund Limited
13 April 2006

Press Release 13 April 2006


                       THE WESTBURY PROPERTY FUND LIMITED

                  NOVATION OF INVESTMENT MANAGEMENT AGREEMENT


The Board (the 'Board') of The Westbury Property Fund Limited (the 'Fund')
welcomes the announcement today of the proposed acquisition of Berrington, the
Fund's investment manager, by The Medical Property Investment Fund Limited.  The
Board believes that Berrington will be significantly strengthened by this
acquisition and is satisfied that Richard Burrell, Nigel Rawlings and Ben
Browne-Clayton will remain fully committed to providing investment management
services to the Fund.  The board has given its unanimous consent and the Fund
intends to enter into a novation agreement in relation to its investment
management agreements.


                                -         ends -



For further information, please contact:



Rodney Baker-Bates                          Tony Langham/James Horsman
Chairman                                    Lansons Communications
020 7659 6271                               020 7294 3617 / 020 7294 3686
                                            07979 692 287 / 07730 989 699







                         or visit www.berringtonfm.com




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