Eurocity EGM Requisition

Panther Securities PLC
20 March 2002


                                                           For Immediate Release
                                                                20th March, 2002




             PANTHER SECURITIES P.L.C. ('Panther' or 'the Company')

         Requisition by Panther of an Extraordinary General Meeting of
                            Eurocity Properties PLC


Further to the announcement made by Eurocity Properties PLC ('Eurocity') on 28th
February, 2002, announcing that Eurocity had entered into a conditional contract
to acquire all the issued share capital of Uniplan Assets Limited and Fu Keung
Venture Limited, the Company announces that, together with Miss P Salem and Mrs
M Salem, on 13th March, 2002 it requisitioned an Extraordinary General Meeting
of Eurocity Properties PLC ('EGM') under section 368 of the Companies Act 1985.


The purpose of the EGM is to remove Baron Bloom and Desmond Bloom as Directors
of Eurocity and appoint Andrew Perloff and Peter Rowson as Directors to
Eurocity.  Panther, Miss P Salem and Mrs M Salem have a total shareholding of
2,419,141 ordinary shares, representing 41.5 per cent. of Eurocity's issued
share capital.


Panther intends to send a letter to shareholders in due course in support of its
proposals.






Enquiries

Panther Securities
Andrew Perloff                       Tel:          [phone]



John East & Partners Limited
David Worlidge                       Tel:            020 7628 2200





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