RNS Number:6364J
Stewart & Wight PLC
03 April 2003





                                  ANNOUNCEMENT


                              STEWART & WIGHT PLC




3 April 2003



Stewart & Wight plc has contracted to purchase the freehold property known as 33
Gaolgate Street, Stafford, for the price of #862,000 with the completion due on
2 May 2003.

The whole of the property is let for a term of 10 years from 25 March 2000 to H.
Samuel Limited at a current rent of #52,500 per annum with a rent review in
2005. The tenants have the option to break in 2005. The purchase will be funded
from the Company's own resources.

The Board of Stewart & Wight plc consider that this latest acquisition to be a
good addition to the portfolio of the Company.








DAVID M CRAMER

Director





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