Grant of Options

First Property Group PLC 03 August 2004 3 August 2004 First Property Group plc Director Share Options First Property Group plc ('First Property') announces that, at a meeting of the Board held on 19 July 2004, the following Directors were awarded options over First Property ordinary shares as set out below: Director Options granted Exercise price Option exercise period Ben Habib 250,000 16.5p 18 July 2005-5 April 2011 250,000 16.5p 18 July 2006-5 April 2011 250,000 16.5p 18 July 2007-5 April 2011 George Digby 166,666 16.5p 18 July 2005-5 April 2011 166,666 16.5p 18 July 2006-5 April 2011 ' 166,667 16.5p 18 July 2007-5 April 2011 Following the grant of these options Ben Habib holds, in aggregate, options over 2,750,000 First Property ordinary shares and George Digby holds, in aggregate, options over 500,000 First Property ordinary shares. Enquiries: Ben Habib - Chief Executive First Property Group PLC Telephone: 020 7731 2844 End August 3rd, 2004 This information is provided by RNS The company news service from the London Stock Exchange