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Statement re MBO

23rd Dec 2005 07:00

Development Securities PLC23 December 2005 Development Securities PLC announces sale of equity interest in Stead & Simpson Development Securities PLC is pleased to announce today that it has sold itsequity interest in Stead & Simpson Group Limited for £13 million. In addition,the company has received full repayment of its outstanding £2 million loan toStead & Simpson. For further information, please contact: Richard Evans/Alison Howard The Communication Group plc Tel: 020 7630 1411 This information is provided by RNS The company news service from the London Stock Exchange

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