RNS Number:0418R
Grosvenor Land Holdings PLC
17 October 2003


                          Grosvenor Land Holdings plc

                                (the "Company")

                               Re Potential Offer

The Company notes today the announcement made by Panther Securities plc
("Panther") of an unsolicited cash offer for Oakburn Properties plc, which owns
29.34 per cent. of the issued share capital of the Company.

Under the City Code on Takeovers and Mergers, if Panther's offer becomes
unconditional in all respects, due to an existing interest in Grosvenor, it will
be required to make a mandatory cash offer for the Company.

Further announcements will be made in due course.

Under Rule 2.10 of the City Code on Takeovers and Mergers the Company confirms
as follows:

 a. the Company has 34,559,977 ordinary shares of 1p each in issue and admitted
    to trading on AIM under the ISIN code GB0003887170;

 b. the Company has granted options over 3,454,666 ordinary shares of 1p each
    which are outstanding.



                      This information is provided by RNS
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