RNS Number:9422W
Eurocity Properties PLC
7 June 2002


                            Eurocity Properties PLC
                         ("Eurocity" or "the Company")


The Directors of Eurocity announce that Panther Securities PLC ("Panther"), the
Company's largest individual shareholder, has made a loan to Eurocity in the sum
of £326,000.

The loan is secured on the asset of the subsidiary company Eurocity (Crawley)
Limited.  The term of the loan is six months and it carries interest at 3% over
base rate.

The purpose of the loan is to pay the amounts outstanding to Netcentric Systems
Plc, being the outstanding consideration from the original purchase of the
property.  The effect of this payment is to secure the Company's ownership of
the Crawley property.

The loan is a related party transaction by virtue of Panther's shareholding in
Eurocity.

The Company's independent Director, Nicholas Jeffrey, having consulted with the
Company's nominated adviser, considers that the terms of the loan are fair and
reasonable insofar as the holders of its AIM securities are concerned.


7 June 2002


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