RNS Number:3361L
Property Income & Growth Fund Ld
20 May 2003

20th May 2003

Property Income & Growth Fund Limited



Following the announcement made by Land Race Limited that the offer for Property
Income & Growth Fund Limited has been declared unconditional in all respects,
the Directors of Property Income & Growth Fund Limited announce that the Special
Dividend, referred to in the Offer Document, of 0.5p per ordinary share will be
paid on 29th May 2003 to all shareholders on the register at the opening of
business on Friday 16th May 2003.



Enquiries
BC Asset Management                        01202 305 900



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