RNS Number:5484Q
Swan Hill Group PLC
06 October 2003



                       DISPOSAL OF FIRST PHASE AT CAGNES
                             IN THE SOUTH OF FRANCE

6th October 2003

The Board of the Swan Hill Group PLC is pleased to announce the disposal of the
Emeraude building which was the first phase of the mixed use scheme at Cagnes in
the South of France.  The building was sold for a cash consideration of Euro2.8m
(#2.0m) just above its book value.  Negotiations continue for the disposal of
the remainder of the site.  This disposal represents a further significant step
in the Group's withdrawal from its residual commercial property activities.

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Enquiries to:

Swan Hill Group PLC
      John Theakston, Group Chief Executive Colin                   01784 464351
      Archer, Group Finance Director
Weber Shandwick Square Mile
      Terry Garrett / Nick Dibden                                  020 7067 0700


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