Statement re Debenture Stock

Great Portland Estates PLC
10 April 2002

10th April, 2001

For immediate release

Great Portland Estates P.L.C.

Purchase of

£130,000,000 10.75 per cent. First Mortgage Debenture Stock 2021

Further to its announcement on 8th April, 2002, Great Portland Estates P.L.C.
announces that the purchase price of the Stock has been determined at £150.691
per £100 nominal of Stock. Accrued interest will also be paid.

In accordance with the terms of the Trust Deed as amended on 5 April, 2002 and
circular to Stockholders, cheques will be despatched on 12th April, 2002.

Further information:

Great Portland Estates P.L.C.

John Whiteley, Finance Director 020 7580 3040

Cazenove & Co. Ltd

Francis Burkitt, Director 020 7825 9942

This announcement has been approved for the purposes of section 21 of the
Financial Services and Markets Act 2000 by Cazenove & Co. Ltd, which is
regulated by the Financial Services Authority.



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