AGM Statement

30 June 2010

                           GSC Property Holdings plc                           

                            Annual General Meeting                             

GSC Property Holdings plc, the PLUS Markets quoted property investment company,
held its Annual General Meeting on Tuesday 29 June 2010. All resolutions were
passed.

At the meeting, Mark Rubin, Chief Executive, responded to shareholders'
questions. He indicated that the outturn for the year should be slightly ahead
of 2009 due to an expected stronger performance in the second half. This
anticipated improvement in the Company's performance reflects the non
recurrence in the current year of one-off financing costs, and also anticipated
management action which should increase the profitability of the Plymouth
hotel. The sale at book value of an empty supermarket property, earlier this
month, will also be beneficial to the results.

For further information please contact:

Mark Rubin, Chief Executive 01702 293300

Jonathan Williams, Bishop Fleming (Corporate Adviser) 0117 9100 250

Anthony Spiro, Spiro Financial (Press and investors) 020 8336 6196

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GSC Property Holdings specialises in commercial property investment in the UK.

The company's strategy is to spread risk through building a diverse portfolio
to minimise exposure to any single end use or geographical area. Our objective
is to add maximum value for shareholders.