RNS No 7164q
GREYCOAT PLC


DOCUMENT RE: PROPOSED DISPOSAL OF EMBANKMENT PLACE

             TENDER OFFER TO REPURCHASE UP TO 25 PERCENT OF GREYCOAT'S ORDINARY
             SHARES AT 171P PER ORDINARY SHARE


A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END