Notice of EGM

Property & Capital Group PLC
2 March 2000


Short Notice EGM - Increase of Capital New Articles of Association

The Group has today convened an EGM to be held on 10 March 2000 at 10am, to
consider the following Special Resolutions:

1.  That the authorised share capital of the Company be and is hereby
increased from £1,200,000 divided into 50,000,000 Ordinary Shares of 2p each
and 200,000 Cumulative 8% Redeemable Preference Shares of £1 each, to
£5,200,000 divided into 250,000,000 Shares of 2p each and 200,000 Cumulative
8% Redeemable Preference Shares of 2p each, by the creation of an additional
200,000,000 Ordinary Shares of 2p each in the capital of the Company having
the rights and privileges and being subject to the restrictions contained in
the Articles of Association of the Company adopted by Resolution 2.

2.  That he regulations contained in the document submitted to this meeting
and for the purposes of identification signed by the Chairman as relative to
this Resolution 2 be and are hereby approved and adopted as the new Articles
of Association of the Company in substitution for and to the exclusion of the
existing Articles of Association of the Company.

Additional powers in the new Articles of Association include:

a)  to buy in own shares
b)  to appoint designated non-statutory directors
c)  to pay dividends by distribution of assets
d)  renewal of directors' authority to issue shares