Annual Report and Accounts

RNS Number:3576Y
Spring Grove Prop. Maintenance PLC
9 July 2002



             SPRING GROVE PROPERTY MAINTENANCE PLC ('the Company')



Despatch of report and accounts


The Company on 5 July 2002 sent its report and accounts for the year ended 31
January 2002 to shareholders containing notice of its annual general meeting 
('AGM') to be held at 12 noon on 31 July 2002 at The Chesterfield Hotel, 35
Charles Street, London W1.  The purpose of the AGM is to consider both ordinary
and special business.  The ordinary business includes a resolution to appoint
joint auditors for the current year.

The special business of the AGM will be, inter alia, to authorise the allotment
of up to 7.0 million ordinary shares of 1 pence each ('Ordinary Shares') so as
to provide the facility to raise the funds necessary to enable to the Company to
continue its development as a specialist provider of cost effective repair and
maintenance services to the social housing sector.  Further details of any
placing pursuant to these resolutions would be announced, as appropriate, and,
in any event, prior to the AGM.

The Directors believe that the resolutions to be proposed as special business at
the AGM are in the best interests of the Company and unanimously recommend
shareholders to vote in favour of the resolutions as they themselves intend to
do in respect of their own beneficial holdings of 5,065,000 Ordinary Shares,
amounting in aggregate to 42.03 per cent of the issued share capital of the
Company.

Further copies of the report and accounts are available from the registered
office of the Company at Ivy Road, Hounslow, Middlesex TW3 2DH.





                                                                     9 July 2002



For further information contact :

Spring Grove Property Maintenance plc

Kevin Childs, Joint Managing Director                          020 8577 8040



Shore Capital

Alex Borrelli, Jonathan Nelson                                 020 7408 4090



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