Issue of Equity

First Property Online PLC
4 December 2001

                     First Property Online plc ('fprop')

                          Further issue of equity

                                                               4 December 2001


On 1 August 2001 fprop announced the proposed acquisition of Commercial
Property Database Limited and CPD Limited ('the CPD Companies'), being the two
principal subsidiaries of OFEX traded CPD Online plc (now renamed Optimax
Holdings plc).

The maximum consideration payable for the CPD Companies was to be satisfied by
the issue of up to 8,000,000 new ordinary 1p shares in fprop ('the
Consideration Shares').  On completion of the acquisition, 6,000,000 of the
Consideration Shares were issued to CPD Online plc.  The issue of the
remaining 2,000,000 Consideration Shares was conditional upon the CPD
Companies achieving an aggregate turnover of £514,000 for the year to 30
September 2001.  The CPD Companies achieved an aggregate turnover of £458,000
to 30 September and as a result a further 1,461,538 Consideration Shares are
to be issued.

Application will be made for the admission of the 1,461,538 Consideration
Shares to trading on the Alternative Investment Market of the London Stock
Exchange ('AIM').  It is expected that the 1,461,538 Consideration Shares will
commence trading on AIM on 5 December 2001 and will rank pari passu in all
respects with the existing ordinary shares in fprop.



For further information:
Bella Pagdin / Marylene Guernier
Tavistock Communications
Tel: [phone]