Disposal

RNS Number:5894N
Haslemere N.V.
16 July 2003

Rotterdam, 16 July 2003







                                  HASLEMERE NV



           DISPOSAL OF KINNAIRD HOUSE, LONDON SW1 FOR GBP37.4 MILLION



Haslemere NV announced today that it has completed the disposal of Kinnaird
House, 1 Pall Mall East, London SW1 to Villatree Ltd for a consideration of
GBP37.4 million



Kinnaird House (a Crown Estate freehold) comprises approximately 929 m2 (10,000
sq ft) restaurant space as well as 5,576 m2 (60,000 sq ft) office space on the
remaining eight floors. The tenant for the majority of the office space is
McKinsey & Co Inc UK.



Richard Debney, Director of Haslemere NV, said:

"Kinnaird House is not an asset we had planned to sell. This disposal is the
result of a direct approach, and is at a price which we regard as attractive to
our shareholders relative to the prospects for further short term growth in
value. Kinnaird House has been a very successful development for Haslemere."



ENQUIRIES:


Haslemere N.V.                                             [phone]
Richard Debney, Director

www.haslemerenv.com

Investor Relations                                         [phone]
Wilbert van Twuijver

Gavin Anderson & Company                                   [phone]
Charlotte Stone






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