Issue of Equity

First Property Online PLC 4 December 2001 First Property Online plc ('fprop') Further issue of equity 4 December 2001 On 1 August 2001 fprop announced the proposed acquisition of Commercial Property Database Limited and CPD Limited ('the CPD Companies'), being the two principal subsidiaries of OFEX traded CPD Online plc (now renamed Optimax Holdings plc). The maximum consideration payable for the CPD Companies was to be satisfied by the issue of up to 8,000,000 new ordinary 1p shares in fprop ('the Consideration Shares'). On completion of the acquisition, 6,000,000 of the Consideration Shares were issued to CPD Online plc. The issue of the remaining 2,000,000 Consideration Shares was conditional upon the CPD Companies achieving an aggregate turnover of £514,000 for the year to 30 September 2001. The CPD Companies achieved an aggregate turnover of £458,000 to 30 September and as a result a further 1,461,538 Consideration Shares are to be issued. Application will be made for the admission of the 1,461,538 Consideration Shares to trading on the Alternative Investment Market of the London Stock Exchange ('AIM'). It is expected that the 1,461,538 Consideration Shares will commence trading on AIM on 5 December 2001 and will rank pari passu in all respects with the existing ordinary shares in fprop. For further information: Bella Pagdin / Marylene Guernier Tavistock Communications Tel: 020 7600 2288