Update on Recent Events

Medstead – New Development

The William Lacey Group was successful in obtaining planning permission on this site for 80 new homes. However, the group has also recently acquired a number of smaller developments sites which will meet all our requirements for the next eighteen months.

The Company will be fully committed on these smaller developments and as a result the Board has taken the decision to sell the Boyneswood Road site to Bellway Homes. The Group will still be involved with the Boyneswood Road development as we have ongoing interests.#

West End – New Development

The William Lacey Group was successful in obtaining planning permission on this site for 84 new homes. However, the group has also recently acquired a number of smaller developments which will meet all our requirements for the next eighteen months. The Company will be fully committed on these smaller developments sites and as a result the Board has taken the decision to sell the West End site to Shanly Homes. The Group will still be involved with the West End development as we have ongoing interests