RNS Number:0924O
Ben Bailey PLC
29 July 2003





BEN BAILEY PLC ("the Company")



Ben Bailey Plc announces that, under the terms of an authority granted at the
Annual General Meeting of the Company on 2 May 2003, it has placed 500,000 new
ordinary shares of 10p each with institutional and other investors at a Placing
Price of 240p per ordinary share, equivalent to the closing mid market price on
28 July 2003.



The new shares will not rank for the interim dividend of 4p payable on 5
September 2003 to shareholders on the register at 8 August 2003.  The Placing
Price, together with the dividend foregone, represents a discount of 7.92 per
cent. to the mid-market price of the shares when the placing was confirmed.



Net proceeds of the Placing are expected to be approximately #1,150,000 and will
enable the Company to take advantage of more opportunities to acquire land in
its region.



Application will be made for the shares to be admitted to the Official List of
the UKLA and to trading on the London Stock Exchange's main market.  It is
expected that dealings in the new shares will commence on 4 August 2003.








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