Director Shareholding

First Property Online PLC
20 January 2003

                         First Property Online plc (the 'Company')

                                   Director's Shareholdings

                                                                 20 January 2003

The Company received notification on 17 January 2003 that CLS Holdings plc have
sold their entire stake of 1,707,594 ordinary shares at 2.25 pence.  These
shares have been acquired as follows:

  • 1,107,594 shares by John Nettleton, director of First Property Asset
    Management Ltd, at 2.25 pence.  Mr Nettleton is beneficially interested in
    1,107,594 ordinary shares (1.19% of the issued share capital).  First
    Property Asset Management Ltd, is a property fund management company 74%
    owned by First Property Online plc and by 26% by John Nettleton. The company
    was launched in September 2002 to provide a commercial property fund
    management services to third party investors.

  • 250,000 shares by Alasdair Locke, Non-Executive Chairman, at 2.25 pence.
    Mr Locke is beneficially interested in 7,915,740 ordinary shares (8.56% of
    the issued share capital).

  • 150,000 shares by Thaddeus Ltd (a company in which Ben Habib, chief
    executive of First Property Online, has a beneficial interest) at 2.25
    pence.  Mr Habib is beneficially interested in 13,561,783 ordinary shares
    (14.67% of the issued share capital).

  • 100,000 shares by Jeremy Phillips, Finance Director, at 2.25 pence.
    Following this acquisition, Mr Phillips is beneficially interested in
    200,000 ordinary shares (0.22% of the issued share capital).

  • 100,000 shares by Martin Pryce, Property Director of the Company, at 2.25
    pence.  Mr Pryce is beneficially interested in 350,000 ordinary shares
    (0.38% of the issued share capital).

For further information please contact:
Ben Habib                                      Marylene Guernier / Jeremy Carey
First Property Online plc                      Tavistock Communications Ltd
Tel: [phone]                             Tel: [phone]
www.fprop.com                                  www.tavistock.co.uk


                      This information is provided by RNS
            The company news service from the London Stock Exchange          UUBAGUPWGRM