GFF Griffin Grp.

RNS Number:4596E
Pearl Street Holdings PLC
25 October 2004

FOR IMMEDIATE RELEASE                                            25 October 2004

          PEARL STREET HOLDINGS PLC ("Pearl Street" or the "Company")
                            SIGNIFICANT SHAREHOLDING

The Company was informed on 22 October 2004 that on that date Griffin Group plc
("Griffin") disposed of 50,000 Ordinary Shares of 1p each (the "Shares") at 7.5p
per Share.

Following the sale described above, Griffin is now interested in 9,950,000
Shares, representing
38.66% of the Company's issued share capital.

Contact:

Vince Nicholls, Pearl Street Holdings plc: 07767 420160


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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