RNS Number:6030L
BFS Managed Properties Ltd
28 May 2003


BFS MANAGED PROPERTIES LIMITED ("the Company")

NOTIFICATION OF MAJOR INTERESTS IN SHARES

The Company received notification on 27 May 2003 from Starlight Investments
Limited ("SIL") that on 21 May 2003 SIL bought 3,333,300 Ordinary shares of 25
pence each in the Company and Tarragona Investment Group, an associated company
of SIL, purchased 1,666,700 Ordinary shares of 25 pence each in the Company. The
resulting holdings by SIL and associated companies are as follows:

Name                                                      Shares bought       Resultant holding   % of issued share
                                                                                                  class

Dawnay, Day International Limited                                         0             1,000,000        1.14%

Dawnay, Day Properties Limited                                            0            12,635,478       14.36%

Starlight Investments Limited                                     3,333,300             3,333,300        3.79%

Tarragona Investment Group                                        1,666,700             8,484,540        9.64%


The total number of the Company's Ordinary shares now held by the Dawnay, Day
Group and associated companies is 25,453,318 shares, representing 28.92% of the
issued share capital of that class.

The shares are registered in the name of Vidacos Nominees Limited a/c Bear.


Channel Islands Fund Services Limited

Company Secretary


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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