Re Contract

RNS Number:2046Z
Compco Holdings PLC
29 July 2002


Embargoed for Monday 29 July 2002

For release                                                       29 July 2002

                                     7:30am



                  COMPCO HOLDINGS PLC: LONDON MID-TOWN LETTING

 Bradford & Bingley plc agree 10-year lease for 21/27 Lambs Conduit Street, WC1

Compco Holdings PLC, the property investment, trading and development group,
announces the letting of 21/27 Lambs Conduit Street, London, WC1 to Bradford &
Bingley plc as their new Group head office for £450,000 per annum.

The bank has agreed to take a 10-year FR&I lease on the 1415 sq m (15,231 sq ft)
building.  Compco has spent £1.6m (excluding VAT and fees) on refurbishing the
property, which included the installation of air conditioning throughout.

Commenting, Nigel Ross, Joint Chief Executive of Compco Holdings, said: "This is
a significant letting for the area supporting the continued growth of our
Midtown estate".

E A Shaw and Farebrother advised Compco Holdings PLC and NAI Gooch Webster acted
on behalf of Bradford & Bingley plc.



ENDS



Contacts:
Compco Holdings PLC
Nigel Ross, Joint Chief Executive
Robert Nadler, Joint Chief Executive              Tel: [phone]

Binns & Co Public Relations Ltd.
Peter Binns, Emma McCaffrey                       Tel: [phone]
                                                 [e-mail]



Issued by Binns & Co Public Relations Limited 16 St Helen's Place London EC3A 6DE
                   Telephone [phone] Facsimile 020 7786 9606







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