RNS Number:3702H
St. Modwen Properties PLC
12 February 2003


For immediate release                                Wednesday, 12 February 2003


                             St. MODWEN PROPERTIES PLC

                         APPOINTMENT OF FINANCE DIRECTOR

St. Modwen Properties PLC, the regeneration-based property company, is today
pleased to announce the appointment of Tim Haywood as Finance Director, with
effect from 14 April 2003.  The appointment is in line with the Board succession
plans outlined in St. Modwen's announcement dated 17 October 2002, in which the
Company indicated its intention to seek a new Finance Director as the first step
towards fulfilling those plans.

Mr Haywood (39) is currently Chief Financial Officer of Hagemeyer UK Limited, an
#850m turnover group of distribution businesses including Newey & Eyre and WF
Electrical. Hagemeyer UK, which he joined in 1998, is the largest subsidiary of
the Dutch quoted professional products & services group, Hagemeyer N.V.

Between 1991-1998, Mr Haywood held a number of senior financial positions, at
several large subsidiaries of Williams Holdings Plc, including European Finance
Director of the Swish Group, which he joined following his participation in the
MBO of Newmond plc from Williams.

Mr Haywood qualified as a Chartered Accountant with Arthur Andersen & Co and
spent six years in their Audit & Business Advisory Division in Birmingham. He
graduated from Oxford University and is married with two children.

There are no matters to be disclosed pursuant to Paragraph 16.4 of the Listing
Rules of the UK Listing Authority.

Commenting on the appointment, Anthony Glossop, Deputy Chairman and Chief
Executive of St. Modwen Properties PLC said:

"We are delighted that Tim Haywood is joining us as Finance Director. His
background offers us his strong understanding of the distribution sector and
manufacturing industry, as well as broad-based expertise in business systems, as
well as property related finance and acquisition transactions.

"This appointment is the first step in fulfilling our Board succession plans and
will enable us to move forward with the next stage as appropriate."

                                    - Ends -


For further information please contact:

St. Modwen Properties PLC                                          0121 456 2800
Anthony Glossop, Deputy Chairman & Chief Executive            www.stmodwen.co.uk
Weber Shandwick Square Mile
Reg Hoare/Katie Hunt                                               0207 067 7000



                      This information is provided by RNS
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