Acquisition

LENDU HOLDINGS PLC IRRIGATED-COTTON, BEEF-CATTLE AND CEREAL PRODUCTION IN QUEENSLAND, AUSTRALIA Australian acquisition The directors of Lendu Holdings PLC are pleased to announce that the acquisition of the irrigated- cotton property, Warendi, for a consideration of A$12 million (£4.25 million at the current rate of exchange), which was announced on 2 August 2002, was duly completed on 12 September 2002. By order of the board M.P.Evans (UK) Limited Secretaries 13 September 2002 For further information: Lendu Holdings PLC Peter Hadsley-Chaplin - 01892 516333 Brown Shipley Corporate Finance Bill Staple, Director - 020 7282 3270 Brown Shipley Securities Craig Cowan, Director - 020 7282 1595 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/13/20020913BIT00720/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/13/20020913BIT00720/wkr0002.pdf