RNS Number:6317S
Tops Estates PLC
28 November 2003

ACQUISITION OF CONVERTIBLE UNSECURED LOAN STOCK

TOPS  ESTATES  PLC  ("THE  COMPANY")  HAS  TODAY  BOUGHT  FOR CANCELLATION
557,658 OF THE COMPANY'S #1 NOMINAL VALUE 7.5% CONVERTIBLE UNSECURED LOAN STOCK
2020 ("CULS") AT 155P EACH, UNDER THE AUTHORITY LAID OUT IN THE CULS TRUST DEED.
AFTER THIS CANCELLATION, 25,211,784 CULS WILL REMAIN OUTSTANDING.



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