Offer Closed

RNS Number:4961B
Rodinheights Limited
23 September 2002



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM AUSTRALIA,
CANADA, JAPAN OR THE UNITED STATES

                                                              September 23, 2002


                       RODINHEIGHTS PLC ("RODINHEIGHTS")
         RECOMMENDED CASH OFFER FOR GREEN PROPERTY PLC ("GREEN")
                              OFFER CLOSED

The board of Rodinheights announced on August 21, 2002 that it had issued
notices under Section 204 of the Companies Act, 1963 to those Green Shareholders
who had not already accepted the Offer, informing them that it intended to
exercise its rights to acquire compulsorily all the Green Shares outstanding at
the expiry of the requisite notice period.

The notice period has expired and, accordingly, Rodinheights has exercised its
rights. As a result, Rodinheights will own 100 per cent. of the issued share
capital of Green. The Offer is now closed.

Rodinheights confirms that the listings of Green Shares were cancelled on
September 20, 2002.

Terms defined in the Offer Document have the same meaning in this announcement.
Rodinheights reserves all of its rights under the Offer.

Enquiries:

RODINHEIGHTS                                    Telephone:     [phone]

Stephen Vernon                                                 [phone]


MERRILL LYNCH                                   Telephone:     [phone]

GLOBAL PRINCIPAL INVESTMENTS

Russell Jewell


BANK OF SCOTLAND GROUP                         Telephone:     [phone]

Pauline Bradley


MERRILL LYNCH                                  Telephone:     [phone]

Kevin J. Smith, Managing Director



The Offer is not being made, directly or indirectly, in or into the United
States, or by use of the United States mails, or by any means or instrumentality
(including, without limitation, telephonically or electronically) of United
States interstate or foreign commerce, or any facility of a United States
national securities exchange nor is it being made in or into Australia, Canada
or Japan and the Offer should not be accepted by any such use, means,
instrumentality or facility, or from within Australia, Canada, Japan or the
United States.

Merrill Lynch is acting as financial adviser and corporate broker to
Rodinheights and for no-one else in connection with the Offer and will not be
responsible to anyone other than Rodinheights for providing the protections
afforded to clients of Merrill Lynch or for providing advice in relation to the
Offer.

The directors of Rodinheights and Stephen Vernon accept responsibility for the
information contained in this announcement. To the best of the knowledge and
belief of the directors of Rodinheights and Stephen Vernon (who have taken all
reasonable care to ensure that such is the case), the information contained in
this announcement for which they accept responsibility is in accordance with the
facts and does not omit anything likely to affect the import of such
information.



END


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