Keelwalk Properties Limited 09 August 2005 FORM SAR 3 DISCLOSURE OF ACQUISITIONS (Rule 3 of The Rules Governing Substantial Acquisitions of Shares) Name of acquirer KEELWALK PROPERTIES LIMITED Beneficial owner, if different from above AS ABOVE Names of any other persons acting by agreement DAVID STEVEN LEDERMAN or understanding (see SAR 5) Company dealt in HIGHWAY CAPITAL PLC Class of voting shares (eg ordinary shares) ORDINARY SHARES Date of acquisition 9TH AUGUST 2005 Number of shares acquired 400,000 Number of rights over shares acquired # - Nature of rights over shares - Total holding of voting shares (and percentage of total voting shares in issue) 2,350,000 : 29.57% Total holding of rights over shares (and percentage of total voting shares in issue) - Combined total holding (and percentage) of voting shares and rights over shares - Date of disclosure 9TH AUGUST 2005 Contact name GOSSCHALKS SOLICITORS FOR AND ON BEHALF OF KEELWALK PROPERTIES LIMITED. B.H. RAPER Telephone number 01482 324252 # See the definition of "rights over shares" in the Definitions Section of the SARs. For details of the SARs disclosure requirements, see SARs 3 and 5 and their Notes which can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk. This information is provided by RNS The company news service from the London Stock Exchange