Holding in Company

Great Portland Estates PLC
4 April 2001


Letter to Company Announcements Office
04 April 2001

I have today received notification that Capital & Counties hold 17,400,000
ordinary shares of 50p each in this Company, representing 8.12% of the issued
share capital of the Company

A copy of this notice is below.

Letter from Great Portland Estates Plc




Letter to Great Portland Estates Plc
4th April 2001

Disclosure of interest in shares of Great Portland Estates PLC
(the 'Company')

As required under section 198 of the Companies Act 1985 ('the Act'), notice is
hereby given that, following purchases of shares on Wednesday 4th April 2001,
we have by virtue of section 208 (4) (b) of the Act, an interest in 17,400,000
ordinary shares of 50p each in the capital of the Company, which are or will be
registered as follows:

Registered Holder                                   Number of shares

HSBC Global Custody Nominees UK Limited
A/C 766831                                              17,400,000

Letter from Capital & Counties