ORE Orogen

RNS No 1941u
ORB ESTATES PLC
10th March 1998



ON 10TH MARCH 1998 ORB ESTATES PLC GAVE TWELVE MONTHS NOTICE OF TERMINATION 
OF THE  EXECUTIVE SERVICE  CONTRACT  BETWEEN THE  COMPANY AND  PHILIP RIDAL.

MR RIDAL  HAS SERVED  THE COMPANY AS FINANCE DIRECTOR AND COMPANY SECRETARY
SINCE HIS APPOINTMENT IN  AUGUST 1994  AND HIS EXECUTIVE  SERVICE  CONTRACT
PROVIDES, INTER ALIA,FOR TERMINATION ON TWELVE MONTHS NOTICE BY THE COMPANY.
MR RIDAL HAS BEEN ASKED TO CONTINUE SERVING THE COMPANY AS FINANCE DIRECTOR
AND  COMPANY  SECRETARY  UNTIL  9TH MARCH 1999 UNDER THE  EXISTING  SERVICE
CONTRACT.

IT IS THE BOARD'S  OPINION THAT  THE  COMPANY  DOES NOT  HAVE  A CONTINUING
REQUIREMENT  FOR AN  EXECUTIVE OF  MR RIDAL'S CALIBRE AND  ACCORDINGLY THIS
ACTION  HAS BEEN  TAKEN TO  REDUCE FURTHER  OVERHEAD COSTS  TO  REFLECT THE
COMPANY'S OPERATIONAL REQUIREMENTS.  THE BOARD WISHES TO THANK MR RIDAL FOR
HIS  EXCELLENT  PERFORMANCE  AND SUCCESS IN MANAGING  THE COMPANY'S AFFAIRS
DURING A DIFFICULT PERIOD FOR THE COMPANY.


ENQUIRIES:


ORB ESTATES PLC

PETER GYLLENHAMMAR     0171 629 0041
                       00 46 8 678 7444

END


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