Director Shareholding

First Property Group PLC
26 July 2004



                            First Property Group PLC

                     Notification of Interests of Directors



The company announces that following the placing of shares announced on 7th July
2004 which were admitted to trading on 26th, July 2004, the interests of the 
directors who participated in the placing are as follows:-


                       Shares        Percentage

Alasdair Locke       8,071,990         7.3%

Ben Habib           13,924,283        12.5%




Enquiries:


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





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