RNS No 3561t
ORB ESTATES PLC
20th February 1998

ON 20TH FEBRUARY 1998 ORB ESTATES  PLC EXCHANGED AN UNCONDITIONAL CONTRACT TO
SELL ITS ENTIRE  INTEREST  IN LAND AT  PERSHORE ROAD/DOGPOOL LANE, STIRCHLEY,
BIRMINGHAM FOR THE SUM OF #1,500,000 IN CASH. THE CONTRACT IS DUE TO COMPLETE 
ON  26TH FEBRUARY 1998.  THE  SALE  CONSIDERATION  REPRESENTS  A  SURPLUS  OF 
APPROXIMATELY  #400,000  OVER ORB'S  BOOK VALUE.  THE SITE,  WHICH IS HELD AS
TRADING STOCK, IS UNEMCUMBERED AND THE PROCEEDS FROM THE DISPOSAL WILL ADD TO
THE WORKING CAPITAL CASH RESOURCES OF THE ORB GROUP.

ENQUIRIES:

ORB ESTATES PLC

PETER GYLLENHAMMAR           0171 629 0041  OR  00 46 8 678 7444
PHILIP RIDAL                 0171 629 0041


END

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