Disposal of 180 Fleet Street

Wednesday 1 July 1998

Daily Mail and General Trust plc has today sold its leasehold interest at 180 Fleet Street for a cash consideration of £7.5 million, continuing the Group's strategy of disposing of its investment property assets. The transaction is expected to give rise to an exceptional accounting profit of approximately £1.8 million in the current year, but will have an immaterial impact upon earnings thereafter. The proceeds of the disposal will be used to reduce net indebtedness.

Inquiries:
Peter Williams - Finance Director 0171 938 6631

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