Director Shareholding

Great Portland Estates PLC
13 December 2001


Letter to: Company Announcements Office

I am writing to inform you that Mr. Richard Peskin, Chairman of this Company, 
together with his wife, Penny Peskin, has today purchased 160,000 shares in this
Company at a price of 238.75p per share.

The total holding of Mr. Richard Peskin and his family, now represents 2.31% of 
the issued share capital as stated below:

         Shares beneficially held        3,310,000 
         Shares non-beneficially held    1,382,000

Letter from: Great Portland Estates PLC