Purchase of Own Securities

Great Portland Estates PLC
23 August 2001


Great   Portland  Estates  PLC  announces  that  it   had
yesterday  purchased for cancellation  5,000,000  of  its
ordinary  shares from Cazenove & Co. Ltd at  a  price  of
277p per shares.

Enquiries:

John Whiteley Great Portland Estates PLC   020 7580 3040

Duncan Hunter   Cazenove & Co. Ltd         020 7588 2828