EMM Disclosure

RNS Number:3981C
Collins Stewart Limited (EMM)
27 August 2004





                                                             FORM 38.5 (SUMMARY)


PLEASE NOTE THAT THIS REPLACES AND AMENDS THE EARLIER DISCLOSURE DATED 26 AUGUST
2004.
Lodge with Company Announcements Office and the Panel.  Use a separate form for
each class of securities in which dealings have been made.



                      CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Name of EMM: Collins Stewart Limited.....................................

Date of disclosure: 27th August 2004.....................................

Contact name: Damian Fernandez .............................................

Telephone number: 020-7523-8327..........................................

Please see attached disclosure of dealings under Rule 38.5 in the securities
of the following companies:

Comprop Ltd Ord GBP0.05...............................................

........................................................................

........................................................................

........................................................................

AMENDMENT

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:

........................................................................

........................................................................

........................................................................

In the case of option business or dealings in derivatives full details should
be given on a separate sheet so that the nature of the dealings can be fully
understood. For options this include the number of securities under option,
the exercise period (or in the case of exercise, the exercise date),
the exercise price and any option money paid or received.  For derivative
this should include, at least, the number of reference securities to which
they relate (when relevant), the maturity date (or if applicable the closing
out date) and the reference price.

For full details of the disclosure requirements see Rules 8 and 38 of the Code.
If in doubt contact the Monitoring Section of the Panel, Tel. No: 020 7638 0129















                                                          FORM 38.5

                   CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in: Comprop Ltd Ord GBP0.05...................................(name of
company)

Class of security: Ordinary shares of 5p...........................

Date of disclosure: 27th August 2004................................

Date of dealing: 25th August 2004...................................

Name of EMM: Collins Stewart Limited................................

Name of offeree/offeror with whom connected: Comprop Ltd..............


Total number of securities purchased:...416692....................

Highest price paid*: 138p (Sterling)..................................

Lowest price paid*: 136p (Sterling)................................

Total number of securities sold:....Nil....................

Highest price received*: 0p (Sterling)......................................

Lowest price received*: 0p (Sterling..........................................



*Currency must be stated






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