Return of Capital to Shareholders

The Berkeley Group Holdings plc                        

                               Return of Capital                               

The Berkeley Group Holdings plc announces that the 2008 B Shares will be
redeemed today. The redemption proceeds of £2.00 per 2008 B Share will be
credited to CREST accounts or paid by cheque (as appropriate) to the first
named holder that appeared on the relevant register of members of The Berkeley
Group Holdings plc at the close of business on 27 December 2007.

4 January 2008