RNS Number:6028L
BFS Managed Properties Ltd
28 May 2003

BFS MANAGED PROPERTIES LIMITED ("the Company")

NOTIFICATION OF MAJOR INTERESTS IN SHARES



The Company was informed on 23 May 2003 by BC Asset Management Ltd ("BCAM") that
on 21 May 2003 BCAM sold 5,000,000 Ordinary shares of 25 pence each in the
Company on behalf of the following funds under management:


Fund                                         Shares sold        Resultant holding   % of issued share class
Property Income & Growth                       5,000,000                  0                   0.00%



The total number of the Company's Ordinary shares now managed by BCAM is nil.





Channel Islands Fund Services Limited

Company Secretary


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