AGM Statement

First Property Group PLC
19 September 2006


Embargoed until 0700, 19 September 2006

                            First Property Group plc

                                  AGM Statement

First Property Group plc ('the Company') (AIM: FPO), the property asset 
management business and online commercial property transaction platform 
announces that at its AGM today, its chairman, Alasdair Locke, will read the 
following statement:

'Since the beginning of the year the Company has continued to make considerable 
progress.

'Our asset management division has been extremely busy and, since the 
announcement of our annual results in June 2006, has acquired a further €30 
million of assets and contracted to acquire an additional €13 million in Central
Europe, primarily on behalf of the fund we manage for the Universities 
Superannuation Scheme. Total assets under management now exceed £75 million.

'As anticipated and highlighted at the time of our last full year results, our 
underwriting and trading activities have reduced but the division has 
nevertheless had a good first half.

'First Property Services, a new facilities maintenance and building services 
company which we formed in February following the acquisition of Direction 
International plc, is trading extremely well and ahead of budget.

'I look forward to the future of the Company with confidence.'


                                     -Ends-

For further information:
Ben Habib, Chief Executive, 
First Property Group plc:                         020 7731 2844

Richard Sunderland/Rachel Drysdale, 
Tavistock Communications Limited:                 020 7920 3150



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