Director Shareholding

Great Portland Estates PLC
27 May 2004

The Company announces, today, that it has granted the following awards under the 
Company Long-Term Incentive Plan in respect of 420,374 Ordinary Shares of 
50 pence each, as follows:
 
Director             Date of Grant  Number of Shares  Vesting Date
T. Courtauld           27.05.04       165,677           27.05.07 
R. Noel                27.05.04       131,058           27.05.07 
J. Whiteley            27.05.04       123,639           27.05.07

 
The awards are conditional upon criteria relating to the Company's performance 
over the three year period commencing on the date of grant.



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