FINANCIAL PRESS RELEASES

The Group’s headline performance for the first quarter of the year benefited from the disposal of the Radial Distribution asset management contract and joint venture equity interest. Rental income and management fees are otherwise being maintained in line with the preceding period. The Group is now benefiting fully from the substantial cost saving initiatives implemented last year.

Further to the announcement on 24 May 2010, Warner Estate, the property investor and asset manager, confirms the appointment of Keith Holman to its Board today as a Non-executive Director.

Warner Estate Holdings PLC (“Warner Estate” or “Group”), the property investment and management company has today announced its preliminary results for the year ended 31 March 2010.

Further to the announcement on 10 May 2010, Warner Estate Joint Ventures Limited, a subsidiary of Warner Estate, together with its 50% joint venture partner, Uberior Ventures Limited, completed the sale of their interests in Radial Distribution Limited (RDL) on 17 May 2010.

Warner Estate Joint Ventures Limited, a subsidiary of Warner Estate, together with its 50% joint venture partner, Uberior Ventures Limited, entered into a conditional agreement for the sale of their interests in Radial Distribution Limited (RDL) for £500,000 each to a Guernsey based company backed by London & Stamford Property Limited on 7 May 2010.