PRESS RELEASE



PRESS RELEASE

McKay Securities PLC appoints Nigel Aslin

as a Non-Executive Director

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Background Information

Nigel Aslin (aged 57) is a Fellow of the Royal Institute of Chartered Surveyors. He became a full equity partner of Strutt & Parker in 1986, and after heading the industrial and office agency departments, developed their corporate real estate service providing strategic acquisition and disposal advice to clients such as Vodafone, Microsoft, Fujitsu Siemens Computers, Cadbury Schweppes and Coca-Cola. The success of this service led Nigel to open Strutt & Parker’s Reading office in 2002, to be in closer proximity to the Thames Valley client base.

McKay Securities PLC is a property development and investment company which develops and refurbishes office, warehouse and industrial property, which it retains for long term investment. The Group’s portfolio, which is valued in excess of £230 million, is located mainly in Central London and the south east of England, predominantly in the office and industrial sectors. It is not a trader, and is focused on rental growth in established markets which has provided shareholders with above average dividend and capital growth over many years.

For further information please contact

McKay Securities PLC

Simon Perkins – Managing Director

Tel: 0118 950 2333

2nd May 2006

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McKay Securities PLC is pleased to announce that Mr. Nigel Aslin has today been appointed to the Board as an independent non-executive Director and as a member of the Company Audit, Remuneration and Nomination Committees.

Commenting on the appointment, McKay’s Chairman, Eric Lloyd, said “With his extensive experience in our core South East market and in particular his knowledge of occupier requirements and expectations, Nigel is well placed to contribute to the continued growth of the Group. He will be a valuable addition to the Board and I am delighted that he has agreed to join us”.

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