Result of Meeting & Repurchase of Ordinary Shares

Great Portland Estates PLC
11 February 2000


Great Portland Estates PLC

Result of Meeting and Repurchase of Ordinary Shares

At the separate class meeting held today, holders of the 9.5
per cent Convertible Unsecured Loan Stock 2002 approved the
resolution necessary to authorise Great Portland Estates PLC
(the 'Company') to make market purchases of its ordinary
shares.

The Company announces that it has today instructed Cazenove &
Co. to acquire for cancellation approximately 29m Great
Portland Estates PLC ordinary shares of 50p each. Settlement
for shares acquired will be on 18th February 2000. The purchase
will be made pursuant to the Company's existing authority from
ordinary shareholders, granted at the Company's Annual General
Meeting held on 13th July 1999.

Great Portland Estates PLC shareholders wishing to offer
ordinary shares to the Company for purchase and cancellation
should contact Cazenove & Co., if appropriate, through their
stockbroker.


Enquiries:

John Whiteley     Great Portland Estates PLC  0171 580 3040

Duncan Hunter   Cazenove & Co.    0171 588 2828