Trading Update

First Property Group PLC
22 October 2007




Date:               22 October 2007

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

Embargoed until:    0700hrs





First Property Group plc

Trading Update and Confirmation of Results



First Property Group plc (AIM: FPO), the AIM-listed property services group
specialising in property asset management, today issues a trading update ahead
of its interim results for the six months ended 30 September 2007 which will be
announced on Thursday 22 November 2007.



As indicated in the Chief Executive's statement at the recent Annual General
Meeting in early September, the Company's asset management activities are
continuing to develop successfully, particularly in Poland. The property market
there, partly as a consequence of the favourable macroeconomic environment,
appears to be largely unaffected by the recent credit crunch. Furthermore, the
investment market remains favourable and the value of the Company's existing
portfolio of property assets under management increased substantially to £238
million during the period to 30th September 2007.



The Company's property trading and facilities management businesses are also
continuing to perform well.



As a result of the above, the Board of First Property believes that the
Company's results for the year ending 31 March 2008 are likely to be
significantly ahead of current market expectations.



A further update will be provided in the Company's interim statement, on 22
November 2007.


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                         [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 a 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 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                   ID