Second Interim Dividend & Scheme of Reconstruction

French Property Trust PLC
23 December 1999

SCHEME OF RECONSTRUCTION DETAILS
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *FRP
SEDOL CODE              *352-466
TERMS                   *Shareholders will receive shares of no par value in    
                        European Asset Value Fund equivalent to 99% of the      
                       French Property Trust Net Asset Value (After taking      
                      into account the Liquidation Fund and a Second Interim
                         Dividend of 4.5p per share). 
PROVISIONAL EX ALL DATE  *17-01-00
RECORD DATE             *17-01-00
NOTES *


2ND INTERIM DIVIDEND
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *FRP
SEDOL CODE              *352-466
DIVIDEND AMOUNT         *4.5p
PROVISIONAL EX DATE     *04-01-00
RECORD DATE             *10-01-00
PAYMENT DATE            *17-01-00
NOTES *