Declares early final dividend

Date:                           18 February 2010

On behalf of:               First Property Group plc ("First Property" or the "Group")

Embargoed for:           0700hrs

First Property Group plc

§ Declares early final dividend

The Board of First Property Group plc (AIM: FPO) has agreed to pay a second interim dividend of 0.72p for the year ended 31 March 2010 to shareholders whose names are on the register at the close of business on 26 February 2010. This dividend will replace the Final Dividend. It is not expected that the payment of a second interim dividend will be a recurring event.

Combined with the first interim payout of 0.31p, the AIM-listed property fund management group will pay a total dividend for the year of 1.03p (2009: 1p) per share. Both interim dividends reflect a 3% rise from the previous year ended 31 March 2009.

The payment schedule is detailed below:

Ex Dividend Date: 24 February 2010

Record Date: 26 February 2010

Payment date: 1 April 2010

For further information contact:

Notes to editors:

About First Property Group plc

§ First Property Group plc was established in March 2000 by Chief Executive Ben Habib and listed its shares on the Alternative Investment Market (AIM) in December 2000.

§ First Property Group plc is a property services group which provides the following core services:

o  Property Fund Management - provided by wholly owned subsidiary, First Property Asset Management Ltd (FPAM), with operations in the United Kingdom (UK) and Central & Eastern Europe (CEE). The performance of its funds under management in the CEE region are ranked #1 over the period 2006-2008 inclusive, as measured against IPD CEE Benchmark.

o  Property Trading - provided by FPAM.

o Facilities Management - via its 60% stake in First Property Services Ltd, an Electrical & Mechanical installation and maintenance contractor.

§ Further information about the Company and its products can be found at: www.fprop.com