Change of Adviser

First Property Group PLC
09 June 2004


         First Property Group appoint new Nominated Adviser and Broker


First Property Group PLC announces that with immediate effect, the Group has
appointed Arden Partners Limited as its Nominated Adviser and Stockbroker.

First Property Group PLC will announce its preliminary results for the year
ended 31st March 2004 on Wednesday 23rd June 2004.


Enquiries:

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

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


End

9th June 2004



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