Disposal

RNS Number:6649Q
Swan(John) & Sons PLC
08 October 2003

JOHN SWAN & SONS PLC
("John Swan" or "the Company")

Disposal of Surplus Property ("the Disposal")

John Swan today announces completion of the sale of its wholly owned property,
Powflats Farm ("Powflats" or "the Farm").

Powflats is situated at Broxburn, near Edinburgh, and covers an area of
approximately 172 acres. It was originally purchased as a collection centre and
livestock storage facility for use in conjunction with the Company's Edinburgh
auction mart. Since closure of the mart, Powflats has operated as a working farm
on which the Company has grazed and fattened its own livestock; profitability
has been negligible.

The net book value of Powflats was #125,000. It has been sold in 4 separate lots
for a total cash consideration of #893,000; the profit on disposal, after
expenses, is thus expected to be in the order of #750,000. The proceeds of the
Disposal will, in the first instance, be applied to the reduction of borrowings.

The sale of Powflats is consistent with the policy of John Swan's board to add
value for shareholders by disposing of surplus assets.

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