Rule 8 - Oakburn Properties

RNS Number:2667R
Panther Securities PLC
24 October 2003


                                                                    FORM 8.1/8.3


Lodge with a RIS or Newstrack if appropriate and the Takeover Panel. Use a
separate form for each class of securities in which dealings have been made.


Date of Disclosure

24th October, 2003


DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON TAKEOVERS
AND MERGERS


Date of dealing

23rd October, 2003


Dealing in (name of company)

Oakburn Properties PLC


1. Class of securities (eg ordinary shares)

Ordinary Shares of #1 each


2.

Amount bought             Amount sold              Price per unit

225,000                                                 576.67p


3. Resultant total of the same class owned or controlled (and percentage of
class)

 26.6  %


4. Party making disclosure

Panther Securities P.L.C.



5. EITHER (a) Name of purchaser (Note 1)

Panther Securities P.L.C.


OR (b) if dealing for discretionary client(s), name of fund management
organisation




6. Reason for disclosure (Note 2)

Offeror - Panther Securities P.L.C.


(a) associate of


(i) offeror (Note 3)



(ii) offeree company



Specify which category or categories of associate (1-8 overleaf)




If category (8), explain




(b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more of the
class of relevant securities dealt in)


YES


Signed, for and on behalf of the party named in (4) above

A. Perloff


(Also print name of signatory)

Andrew Perloff


Telephone and Extension number

020 7278 8011



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