RNS Number:1316C
Property Fund Management plc
19 August 2004


Property Fund Management plc ("PFM" or "the Company")

The Board of PFM announces that it is in discussions that may or may not lead to
an offer for the entire issued share capital of the Company.

These discussions are preliminary in nature and a further announcement will be
made when appropriate.

Enquiries:

Property Fund Management plc                        020 7535 1818
Glyn Hirsch

Williams de Broe Plc                                020 7588 7511
Jonathan Gray


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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