RNS Number:4061J
Stewart & Wight PLC
31 March 2003

                              STEWART & WIGHT PLC

                       845 FINCHLEY ROAD, LONDON NW11 8NA

                     TEL: 020 8455 1111 FAX: 020 8455 9191


                                  ANNOUNCEMENT

                              STEWART & WIGHT PLC



31 March 2003


Stewart & Wight plc has contracted to purchase the freehold property known as 
23 High Row, Darlington, for the price of #715,000 with the completion due on 22
April 2003.

The whole of the property is let for a term of 99 years from 7 February 1964 at
a current rent of #38,500 per annum with rent reviews in 2013 and 2038. The
property is sublet to Boots the Chemist at #41,125 per annum until 2011. The
purchase will be funded from the company's own resources.

The Board of Stewart & Wight plc consider that this latest acquisition to be a
good addition to the property portfolio of the Company.



DAVID M CRAMER

Director



Registered Office as above. Registered in England No. 57142


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