Disposal

RNS Number:9122K
Carclo plc
09 May 2003



For Immediate Release                                                 9 May 2003
                       


                                   Carclo plc

             Proposed #6.4 million Property Sale of Acre Mills Site


On 31 March 2003, Carclo plc ("Carclo" or the "Group") announced that it had
exchanged contracts, subject to shareholders' approval, for the sale of its Acre
Mills site in Huddersfield (the "Site") to The Calderdale and Huddersfield
National Health Service Trust for a total cash consideration of #6.4 million
(the "Sale").


The total consideration of #6.4 million will give rise to a profit on Sale
(after costs) of #3.1m increasing the net assets of the Group by the same
amount. The net proceeds from the Sale will be used to reduce the amount drawn
on the Group's overdraft facility. The total amount of the Group's banking
facilities will remain unchanged following the Sale, hence its financial
flexibility will be increased.


A circular to shareholders, providing further information on the Sale and
containing a notice of the extraordinary general meeting to approve the
transaction, will be posted to shareholders today. A copy of the circular will
shortly be available for inspection at the UK Listing Authority Document viewing
facility which is situated at: The Financial Services Authority, 25 The North
Colonnade, Canary Wharf, London, E14 5HS.


Current trading


Carclo provided a trading update as part of its announcement on 31 March 2003.
Since then, the businesses have traded in line with management's expectations
and the Board remains confident in the prospects for the Group, following the
Sale, for the current financial year.

Expected timetable

Posting of shareholder circular                        9 May 2003
Last time and date for receipt of Forms of Proxy       10 a.m., 25 May 2003
Extraordinary General Meeting                          10 a.m., 27 May 2003
Expected date for completion of the Sale               3 June 2003



Enquiries

Carclo plc
Chris Mawe, Finance Director                         01924 330 500

Weber Shandwick Square Mile
Richard Hews/ Susanne Walker                         020 7067 0700


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

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