PRESS RELEASE
0700, 5th February 2003

FLETCHER KING SIGNS UP ADVERTISING GIANT
AND
SAVES CLIENTS OVER £7M RATES IN 2002

Fletcher King, the London based chartered surveyors and property asset
managers, announces that it has been engaged by an international
advertising agency to appeal the current £3m plus rating assessment on
its Central London headquarters.

The announcement follows news that in 2002 Fletcher King achieved rates
savings in excess of £7m on behalf of its clients, who include Avis,
Scania, Computacenter, Standard Bank and R S Components.

Commenting, Bob Dickman, Head of Professional Services at Fletcher King
said:

"Many companies can make substantial savings on their growing rates
bills if they take the trouble to engage specialists such as ourselves
to appeal their rating assessments. Our extensive and in depth knowledge
of rating legislation and the market...