Holding(s) in Company

First Property Group PLC
26 July 2004

                            First Property Group PLC



                        Disclosure of Interest in Shares



First Property Group PLC has received the following notification from
Universities Superannuation Scheme Limited:



'We write to advise you that following a recent placing of 4,375,000 shares, our
holding in First Property Group Plc has increased to 8,125,000 ordinary shares.



8,125,000 - Re:  UK Smaller Companies registered under Chase Nominees Ltd (USS)



We believe the number of shares in issue at present is 111,279,448 and therefore
our holding now represents 7.301% of the issue share capital of the company.'





End



July 26th, 2004


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