RNS Number:3378K
BC Property Securities Limited
24 April 2003

Property Income & Growth Fund Limited (the "Company") and
BC Property Securities Limited (the "Subsidiary") (together the "Group")


At the Extraordinary General Meeting of the Company held today each of the
special resolutions to amend the articles of association of the Company to (i)
enable the minority acquisition of shares in respect of a "qualifying offer";
and (ii) relax the borrowing restriction to permit the ratio of the Group's
total borrowings to total assets to be no more than 85 per cent., was duly
passed.  The second special resolution is still however subject to approval at
the separate class meeting of ZDP shareholders referred to below.

The directors of the Subsidiary announce that a quorum was not present for the
separate class meeting of ZDP shareholders.  Accordingly, and in accordance with
the circular issued by the Subsidiary dated 3 April 2003, this meeting has been
adjourned until 10.00am on 25 April 2003 to be held at Trafalgar Court, Admiral
Park, St. Peter Port, Guernsey GY1 2JA at which ZDP shareholders may attend and
vote.

Enquiries:

Bob Cowdell/Hugh Field                      020 7678 8000
Hoare Govett Limited



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