First Property Group: Change of Registered Office

Date:                           29 November 2010

On behalf of:               First Property Group plc ("First Property" or the "Group")

Embargoed:                0700hrs

First Property Group plc

§ Change of Address

First Property Group plc (AIM: FPO), the AIM-listed commercial property fund management group, announces its change of address with immediate effect. Its new address, which will also become its new registered address, is:

35 Old Queen Street

London

SW1H 9JA

For further information contact:

Notes to investors and editors     

·     First Property Group plc is a commercial property fund manager with operations in the United Kingdom and Central Europe. The performance of its funds under management ranked #1 versus the IPD benchmarks for CEE and Poland for the 4 year period to 31 December 2009.

·     The principal business model of First Property Group is:

o  To raise third party funds to invest in income producing commercial property;

o  To co-invest in these funds;

o  To earn fees for the management of these funds. Fees earned are a function of the value of assets under management as well as the performance of the funds;

o  To earn a return on its own capital invested in these funds.

·     It also has a 60% shareholding in a mechanical & electrical (M&E) installation and maintenance contractor, First Property Services Limited.

·      Further information about the Company and its products can be found at: www.fprop.com.