Directors' Dealings

Great Portland Estates PLC
3 December 1999

TO:  COMPANY ANNOUNCEMENTS OFFICE

I am writing to inform you that Mr. Richard Peskin, Chairman of this Company,
has today purchased 1,000,000 shares in this Company at a price of 186p per
share.

The total holding of Mr. Richard Peskin and his family, following this
notification, is stated below:-

     Shares beneficially held                           5,250,000
     Shares non-beneficially held                       2,720,000


FROM:  FOR GREAT PORTLAND ESTATES PLC