RNS Number:7685L
BFS Managed Properties Ltd
30 May 2003


BFS MANAGED PROPERTIES LIMITED ("the Company")
NOTIFICATION OF MAJOR INTERESTS IN SHARES


The Company has received notification from BFS Investments plc ("BFS") that BFS
manages the following Ordinary shares of 25 pence each in the Company on behalf
of various funds under management:

Fund                                                         Income shares held  % of issued share
                                                                                       class

BFS Asian Assets Trust Ltd                                             1,200,000        1.36%
BFS Equity Income & Bond Trust Ltd                                     1,500,000        1.70%
BFS Income & Growth Trust PLC                                          5,500,000        6.25%
BFS UK Dual Return Trust PLC                                           1,000,000        1.14%
BFS US Special Opportunities Trust PLC                                 1,166,682        1.33%



The total number of the Company's Ordinary shares managed by BFS is 10,366,682
shares, representing 11.78% of the voting shares in issue.



Channel Islands Fund Services Limited
Company Secretary


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