Result of EGM

Great Portland Estates PLC
13 December 2006






13 December 2006

Extraordinary General Meeting - proposed amendments to the Articles of
Association to facilitate conversion to a UK-REIT

The Board of Great Portland Estates announces that Shareholders have today 
voted overwhelmingly in favour of the Resolution proposed at the 
Extraordinary General Meeting to amend the Articles of Association to 
facilitate the Group's conversion to a UK-REIT.

 By converting to a UK-REIT the Group will:

   • eliminate the Group's contingent corporate tax on chargeable gains of
     approximately £108 million (as at 30 September 2006);
   • become largely exempt from future corporation tax, and
   • immediately enhance both the Group's triple net asset value and adjusted
     earnings per share.

Timon Drakesmith, Finance Director said:

'With market conditions in central London favouring our disciplined and 
focused approach to the creation of value, we remain confident that, in the 
new UK-REIT environment, we will continue to deliver attractive returns for our 
shareholders.'

Contacts:

Great Portland Estates plc                     020 7647 3000
Toby Courtauld, Chief Executive
Timon Drakesmith, Finance Director


Copies of the Resolution passed at the Extraordinary General Meeting will be 
available shortly for inspection by the public during normal business hours 
on any weekday (except public holidays) at the UK Listing Authority's Document 
Viewing Facility, which is situated at the Financial Services Authority, 
25 The North Colonnade, Canary Wharf, London E14 5HS (tel. [phone]).

Terms used in this announcement have the same meaning as in the Circular to 
Shareholders dated 15 November 2006.





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