<pre> RNS Number:5064K Westcity PLC 21 December 2007 Westcity plc Acquisition of Queen's Wharf property Westcity plc is pleased to announce that the Stonehage Westcity Property Fund, in a 50/50 joint venture with Byrne Estates Limited, has contracted to purchase the property at Queen's Wharf, Hammersmith for £30.75m. The purchase price will be funded by approximately 25% equity and 75% senior debt. The Queen's Wharf site, located on the River Thames adjacent to the Hammersmith Bridge, is a prime site enjoying excellent views along the river. Westcity plc, together with Byrne Estates Limited and Ardmore Construction Limited, both part of the Ardmore Group, will jointly develop the property. It is intended, subject to relevant planning consents, to develop approximately 115,000 square feet of residential housing space resulting in approximately 160 open market and affordable housing units. Westcity plc chief executive Ira Rapp said, " The opportunity to develop this unique site fits perfectly with the core development skills of Westcity and the construction and development experience and capabilities of the Ardmore Group." Enquiries: Ira Rapp, Chief Executive Officer Westcity plc + 44(0)207 424 6700 Nick Maslen & Oliver Stratton KBC Peel Hunt (Nominated adviser and Broker) +44(0)207 418 8900 This information is provided by RNS The company news service from the London Stock Exchange END ACQFEMFFFSWSEIE</pre>