Board Changes

Released: 01/08/2007

HELICAL BAR ANNOUNCES APPOINTMENTS OF MICHAEL BROWN AS
DEPUTY CHIEF EXECUTIVE AND THE PROMOTION OF MATTHEW
BONNING-SNOOK AND JACK PITMAN TO THE BOARD

Helical Bar is delighted to announce a number of changes to its Board.

In recognition of their growing influence in the Company’s increasingly diverse activities and their contribution to its performance, Matthew Bonning-Snook and Jack Pitman have been appointed to the main board as Executive Directors with immediate effect.

• Matthew Bonning-Snook (39) oversees many of Helical’s office and mixed use developments. Prior to joining Helical in 1995, he worked for Richard Ellis (now CBRE).
• Jack Pitman (38) is responsible for many of Helical’s change of use projects and for a number of joint venture relationships. Before joining the Company in 2001, he previously worked for Chester Properties Ltd.

No further details remain to be disclosed for either appointment as required under LR 9.6.13R of the Listing Rules of the UK Listing Authority.

In addition, the board is pleased to confirm that Michael Brown (46), currently the Company’s Investment Director and an Executive Director since 1998, has been appointed Deputy Chief Executive with immediate effect. Michael has worked for Helical since 1997, during which time he has been responsible for Helical’s investment activities and played a major part in driving the growth and performance of the Company.

Founders Michael Slade (Chief Executive) and Nigel McNair Scott (Finance Director), together with Gerald Kaye (Development Director since 1994), maintain their long-standing roles within the company.

Commenting on the appointments, Giles Weaver, Chairman of Helical Bar, said:

“The enlarged board will help sustain the energy and creative flair that has been at the heart of Helical’s success as a listed property company over the last 22 years.”

Michael Slade, Helical’s Chief Executive, added:

“These important promotions reflect our ambition to sustain our track record of delivering significant value for our shareholders.

“The protection of our shareholders’ interests, the delivery of the Company’s strategy and the alignment of both through the activities of a talented and motivated management are key to our success. As one of the Company’s largest shareholders and its Chief Executive, I am delighted with these appointments which not only recognise the significant achievements of Michael, Jack and Matthew but also ensure that all of us on the strengthened board are best positioned to drive the Company’s ongoing growth.”

-ENDS

For further information, please contact: