Amendment to previously announced time of AGM

30 May 2008

                           GSC Property Holdings plc                           

         Date of Annual General Meeting - Amendment to time of meeting         

It has been noticed that the time of the Annual General Meeting has been
incorrectly stated in the announcement earlier today of the Final Results for
the year ended 31 December 2007.

The Annual General Meeting will take place on 26th June 2008 at 2pm at Courtway
House, 129 Hamlet Court Road, Westcliff on Sea, Essex.

The Directors of GSC Property Holdings plc take full responsibility for this
statement.

For further information please contact:

Mark Rubin, Chief Executive 01702 293300

Jonathan Williams, Bishop Fleming (Corporate Adviser) 0117 9100 250

Anthony Spiro, Spiro Financial (Press and investors) 020 8336 6196

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GSC Property Holdings specialises in commercial property investment in the UK.

The company's strategy is to spread risk through building a diverse portfolio
to minimise exposure to any single end use or geographical area. Our objective
is to add maximum value for shareholders.