Director Shareholding

Great Portland Estates PLC
28 November 2003

                       SCHEDULE 11

     NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED 
                        PERSONS


1)  NAME OF COMPANY

     GREAT PORTLAND ESTATES PLC

2)  NAME OF DIRECTOR

     RICHARD PESKIN

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

     DIRECTOR & SPOUSE

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

     (A)(C) RICHARD PESKIN    1,000,000 SHARES
     (B)    PENELOPE PESKIN      60,000 SHARES

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

     N/A

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

     SALE OF SHARES

7)  Number of shares/amount of
    stock acquired

    N/A

8)  Percentage of issued Class

    N/A

9)  Number of shares/amount
    of stock disposed

    (A) 500,000
    (B)  60,000
    (C) 500,000 

10) Percentage of issued Class

    0.246%
    0.0295%
    0.246%

11) Class of security

     ORDINARY

12) Price per share

     (A) 245.1694P
     (B) 245.1694P
     (C) 241.5P EX DIV

13) Date of transaction

     (A) 21.11.03
     (B) 21.11.03
     (C) 26.11.03

14) Date company informed

     28.11.03

15) Total holding following this notification

     BENEFICIAL       4,200,000
     NON BENEFICIAL   1,385,000
                      5,585,000
                         

16) Total percentage holding of issued class following this notification

      2.75%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries



25) Name and signature of authorised company official responsible for
    making this notification  DESNA MARTIN
                              COMPANY SECRETARY 

    Date of Notification  28 NOVEMBER, 2003                               






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