RNS Number:3153C
RMR PLC
10 October 2002

RMR plc ("the Company") - Director's resignation and business update


In its final results released on 13 May 2002, the Company reported a substantial
reduction in its cost base. Since then the general economic climate has not
improved and the board of directors of the Company ("the Board") has concluded
that is in the best interests of the Company's shareholders to exit from the
software sector.


Accordingly, the Company has agreed to transfer its software business for a
consideration consisting of a nominal initial cash payment and further deferred
cash payments depending on the future sales of the disposed business.
Consequently, the Company now has no employees and it plans to dispose of any
residual assets remaining. In the light of these steps taken, Derek Cormack,
Finance Director and Company Secretary, has tendered his resignation to the
Board and has ceased to be a director with immediate effect.


Over the last year the Board has considered many opportunities to use its stock
market listing and cash for the benefit of its shareholders. We are now pursuing
a number of leads with a view to progressing and completing a transaction which
would move the Company into a new area of activity.


The Company's interim results for the six months ended 31 August 2002 will be
published on 30 November 2002 and an update on the Company's progress will be
given at that time.




10 October 2002


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

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