Sale of Shares

RNS Number:6864K
Cater Barnard PLC
02 May 2003


FOR IMMEDIATE RELEASE                               2 May 2003


                      CATER BARNARD PLC ("Cater Barnard")

                   Sale of shares in Envesta plc ("Envesta")


Cater Barnard has agreed to sell its entire shareholding in Envesta, amounting
to 24,385,333 ordinary shares of 1p each ("Envesta Shares") for an aggregate
consideration of Euro2,202,987.60, receivable as to Euro535,200.90 on 19 May 2003
(completion) and the remainder on or before 11 August 2003.  The purchaser is
Argo Trust Limited.


At the same time and on similar terms, Global Investments Limited, a company in
which Mr Stephen Dean the Chairman of Cater Barnard has a beneficial interest,
has agreed to dispose of its holding of 21,177,618 Envesta Shares.


The sale of Envesta Shares will enable Cater Barnard to repay bank borrowings of
approximately #0.5 million and provide the funds to consider a substantial
acquisition with a view to establishing a new business for Cater Barnard.





Enquiries:       Stephen Dean                            08700 660 830
                 Cater Barnard PLC

                 Roland Cornish                          020 7628 3396
                 Beaumont Cornish Limited


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

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