Holding in Company

Great Portland Estates PLC
19 July 2000


Letter to: Company Announcements Office


I have today received notification that UBS Asset Management Limited, Phillips &
Drew Life Limited and UBS Asset Management International Limited, all
subsidiaries of UBS Asset Management Holding (No.2) Limited, have reduced their
holding to 49,956,065 ordinary shares of 50p each in this Company, representing
13.99% of the issued share capital of the Company.


Letter from: Desna Martin, Company Secretary
             Great Portland Estates plc