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Macfarlane Group PLC (MACF)

Macfarlane Group PLC

Disposal
Macfarlane Group PLC
04 February 2005


                   MACFARLANE GROUP PROPERTY DISPOSALS

Macfarlane Group PLC ('Macfarlane') is pleased to report that it has today
agreed terms for the sale of two properties, for an aggregate net cash
consideration of £4.6m, which will result in a profit on disposal of
approximately £1.3m.

The first disposal is of a vacant site in Govan, near Glasgow, for a cash
consideration after attributable expenses of £2.7m. This will give rise to a
profit on disposal of £1.3m in Macfarlane's current financial year to 31
December 2005. The second disposal is of a six-bay distribution site in
Grantham, with Macfarlane, as part of the disposal, taking a lease at market
rent for the two bays from which its Grantham distribution business operates.
Sale proceeds for the Grantham site of £1.9m after attributable expenses equate
to book value.

2004 was viewed as a year of critical importance in the Group turnaround and
these property disposals are consistent with the objectives set last year by the
Macfarlane Board of reducing debt and improving the Group's trading performance.
The considerable efforts made in 2004 resulted in good progress and the
Macfarlane Board is confident that the Group's recovery continues to gain
momentum. These disposals, combined with the improvement in trading performance,
are adding further to the Group's financial strength and prospects.

Macfarlane's preliminary announcement of results will be made on Tuesday 22
March 2005.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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