Holding(s) in Company

First Property Group PLC
16 April 2007


TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.  Identity of the issuer or the underlying issuer of existing shares to which
    voting rights are attached:

    First Property Group plc


2.  Reason for the notification (please state Yes/No):

    An acquisition or disposal of voting rights: No

    An acquisition or disposal of financial instruments which may result in the
    acquisition of shares already issued to which voting rights are attached: No

    An event changing the breakdown of voting rights: No

    Other (please specify): Initial disclosure under the Disclosure and 
    Transparency Rules


3.  Full name of person(s) subject to the notification obligation:

    NFU Mutual Insurance Society Limited


4.  Full name of shareholder(s) (if different from 3):

    As above


5.  Date of the transaction (and date on which the threshold is crossed or
    reached if different) :

    N/A


6.  Date on which issuer notified:

    29 March 2007


7.  Threshold(s) that is/are crossed or reached:

    3%


8.  Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using    Situation previous to the Triggering
the ISIN CODE                                         transaction
Ordinary Shares                           Number of       Number of voting
                                          shares          Rights

GB0004109889                              N/A             N/A


Resulting situation after the triggering transaction

Class/type of shares if      Number of   Number of voting       % of voting
possible using the           shares      rights                 rights
ISIN CODE
Ordinary Shares              Direct      Direct      Indirect   Direct  Indirect

GB0004109889                 3,750,000   3,750,000   N/A        3.37   N/A


B: Financial Instruments

Resulting situation after the triggering transaction

Type of     Expiration Exercise/     Number of voting rights that may   % of
financial   Date       Conversion    be acquired if the instrument is   voting
instrument             Period/ Date  exercised/ converted.              rights

N/A         N/A        N/A           N/A                                N/A


Total (A+B)
Number of voting rights              % of voting rights

3,750,000                            3.37%


9.  Chain of controlled undertakings through which the voting rights and/or the
    financial instruments are effectively held, if applicable

    NFU Mutual Insurance Society


Proxy Voting:


10. Name of the proxy holder:

    NFU Mutual Insurance Society


11. Number of voting rights proxy holder will cease to hold:

    N/A


12. Date on which proxy holder will cease to hold voting rights:

    N/A


13. Additional information:

    None

14. Contact name:

    George Digby, Finance Director, First Property Group plc


15. Contact telephone number

    020 7731 2844



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