AGM Statement

First Property Group PLC
07 September 2007



Date: 07 September 2007
Embargoed until: 0700hrs

On behalf of: First Property Group plc ('First Property' or the 'Company')
              For immediate release

First Property Group plc
AGM Statement

First Property Group plc (AIM: FPO), the AIM-listed property services group
specialising in property asset management, announces that it will hold its
Annual General Meeting today at 12 pm.

At the AGM, the Company's Chief Executive, Ben Habib, will make the following 
statement:


'The Company has continued to make good progress in the current financial year.
The continued focusing of the Company's activities on asset management, where
the visibility of revenues is far greater, is progressing successfully.


'During the first five months of the current financial year, the Company has
successfully increased its assets under management by 43 per cent to £215
million (Eur 315 million) with a further pipeline of assets expected to come to
fruition over the coming months. The new properties acquired include a light
industrial and logistics centre in Baldowska, Tczew, Tri-City region in Poland,
the Oxford Tower office block in the Central Business District of Warsaw, a
mixed-use retail and office block in the Zoliborz area of Warsaw, an industrial
facility in Poznan and two logistics warehouses in Romania.


'The primary markets in which we operate continue to deliver exciting investment
prospects, particularly in Poland where there is a sustained level of high
economic growth and low inflation. The Group now manages 22 properties across
the length and breadth of Poland and a further 3 properties in Romania. We
employ a team of 13 people in our Polish office enabling the Company to react
quickly to all investment opportunities of interest.


'The facilities management business, in which we acquired a 60% shareholding in
February 2006, has performed well to date and we expect a good contribution from
the business this year.


'We look forward to updating the market with further news in due course.'


First Property will report its interim results to 30 September 2007 in November
2007.


- ends -


Enquiries to:

Ben Habib, Chief Executive                       www.fprop.com
First Property Group plc                         Tel: [phone]



Chris Hardie, Corporate Finance Director         [e-mail]
Arden Partners                                   Tel: [phone]



Emma Kane / Adam Leviton / Tom Newman            [e-mail] /
                                                 [e-mail]
Redleaf Communications Ltd                       Tel: [phone]


Notes to Editors:

•First Property Group plc was established in March 2000 by Chief Executive Ben
Habib, to provide a number of property services which include property asset 
management, property transaction underwriting and trading, and facilities 
management.

•The Company listed its shares on the Alternative Investment Market (AIM) in 
December 2000 with a view to fuelling further growth.

•First Property Group plc is an integrated property services group which 
consists of the following core services:

- Property asset management - established in August 2002 and provided by a 
  wholly owned subsidiary, First Property Asset Management Ltd (FPAM), 
  now with operations in the UK, Central and Eastern Europe;


- Property transaction underwriting and trading - established in August 2001 
  also provided by  FPAM, now with operations in the UK, Central and Eastern 
  Europe;

- Facilities Management - acquired 60% of First Property Services Ltd in 
  February 2006, with operations in the UK and clients including: Credit Suisse,
  Canary Wharf, the BBC, Coutts Bank and Exxon Mobil.

Further information about the company and its products can be found at: 
www.fprop.com






                      This information is provided by RNS
            The company news service from the London Stock Exchange