Result of EGM

Comprop Limited
8 August 2001

                 ComProp Limited ('ComProp' or 'the Company')

                   Result of Extraordinary General Meeting


The Board of ComProp is pleased to announce that, at an Extraordinary General
Meeting of the Company held earlier today, the resolutions (as detailed in
circular to the shareholders of the Company dated 11 July 2001) relating to:

  * the acquisition of the Property Portfolio;

  * the amendments to the rules of the Company's share option scheme;

  * the amendments to the Company's articles of association; and

  * the increase in the authorised share capital of the Company

were duly passed.

Application has been made for the entire issued and to be issued share capital
of the Company to be admitted to trading on the Alternative Investment Market
and the Channel Islands Stock Exchange ('Admission'). Completion of the
acquisition and Admission are expected to take place on 10 August 2001.

Enquiries:

Tom Scott / Charles Day    ComProp Limited                     01534 835500

Andrew Duquemin            Collins Stewart CI Limited          01481 731987