Publication of Circular

Derwent London PLC
31 May 2007



                               Derwent London plc
             Conversion to REIT Status and Publication of Circular


As announced on 20 March 2007, the Board of Derwent London plc (the 'Company')
is proposing to convert the group into a Real Estate Investment Trust ('REIT')
with effect from 1 July 2007 in order to benefit from the provisions contained
in Part 4 of the Finance Act 2006 and the related regulations (the 'REIT 
regime').

Certain amendments are required to the Company's Articles of Association (the 
'Articles') in order for the Company to be confident that it will not become
subject to certain additional tax charges that can arise under the REIT regime.

Accordingly, the Company has today issued a circular (the 'Circular') explaining
the proposed election to REIT status and convening an Extraordinary General
Meeting of shareholders to be held at One Bunhill Row, London EC1Y 8YY at 10.00
a.m. on 26 June 2007 at which approval for the proposed amendments to the
Articles will be sought.

Copies of the Circular have been submitted to the UK Listing Authority and will
shortly be available for inspection during normal business hours on any weekday
(public holidays excepted) at the UK Listing Authority's Document Viewing
Facility, which is situated at The Financial Services Authority, 25 The North
Colonnade, Canary Wharf, London, E14 5HS ([phone]).

The full text of the Circular, including the proposed amendments to the
Articles, is available on Derwent London's website at www.derwentlondon.com.

31 May 2007

T J Kite
Company Secretary




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