Disposals

Great Portland Estates PLC
23 June 2000

                        GREAT PORTLAND ESTATES P.L.C.

         £165 MILLION OF FURTHER DISPOSALS BY GREAT PORTLAND ESTATES


Great  Portland  Estates  P.L.C. announces that  it  has  recently  exchanged
contracts  to  sell a further £165 million of non-core properties,  on  which
completion  is set for mid-July.  These disposals bring to £280  million  the
proceeds from its rationalisation programme announced in March, which  is  to
finance the repayment to shareholders of 80 pence per share (£285 million  in
aggregate) in the autumn.

Commenting on the sales, Patrick Hall, joint Managing Director, said:
'I  am delighted to be able to announce the successful and timely outcome to
the  disposal of a large proportion of our non-core portfolio. Much  of  what
remains is under offer, and our rationalisation programme remains on track to
provide 80 pence per share to shareholders by the autumn'.


Enquiries:

Patrick Hall - joint Managing Director            020 7580 3040
Peter Shaw - joint Managing Director              020 7580 3040
John Whiteley - Finance Director                  020 7580 3040