Transaction in Own Shares

First Property Group PLC
31 July 2007


Transaction in own shares

First Property Group plc ('First Property' or the 'Company') announces that it 
has today purchased 150,000 of its own ordinary shares at an average price of 
19.0 pence per ordinary share.  All of the purchased shares are to be held as 
treasury shares.

Following the transfers into treasury made today, First Property has in issue 
(excluding the total of 600,000 ordinary shares held in treasury) 111,001,115 
Ordinary Shares.

The above figure of 111,001,115 ordinary shares may be used by shareholders as 
the denominator for the calculations by which they will determine if they are 
required to notify their interest in, or a change to their interest in, the 
Company under the FSA's Disclosure and Transparency Rules.

Enquiries:

George Digby
Finance Director
Tel: [phone]

Chris Hardie
Arden Partners plc
Tel: [phone]





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