AGM Statement

First Property Group PLC
07 September 2004

7 September 2004



                            FIRST PROPERTY GROUP PLC

                                AGM STATEMENT



At the Annual General Meeting of the Company today, the Chairman Alasdair Locke
will issue the following update on trading.


'Overall trading is strong and in line with expectations.


'Our recent placing of 18,125,000 new shares, raising £2.9 million before
expenses, has put the Company in a very strong position.  We continue to
evaluate acquisitions, and will be very selective about the opportunities that
we pursue.


'In our year end statement, we stated that we were pleased with the rate of
growth of the Company and subject to market conditions, we would expect this
growth to continue in the current year.  I am pleased to report that we continue
to be confident of the group's prospects.


'I look to the future with anticipation.'


For information please contact:


Ben Habib - Chief Executive
First Property Group PLC
Tel - 020 7731 2844


Andrew Raca - Corporate Finance Director
Arden Partners Limited
Tel - 0121 423 8941


Marylene Guernier/Jeremy Carey
Tavistock Communications
Tel - 020 7920 3150






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