Transaction in Own Shares

First Property Group PLC
22 January 2008

Date:              22 January 2008
On behalf of:      First Property Group plc ('First Property' or the 'Company')
Embargoed for:     0700hrs



First Property Group plc
Transaction in own Shares


First Property Group plc ('First Property' or the 'Company') announces that on
21 January 2008, it purchased 1,700,000 ordinary shares in the Company at 15.0
pence per share.  All of these shares are to be held as treasury shares.
Following this transfer into treasury, First Property has in issue (excluding a
total of 3,757,685 ordinary shares now held by the Company in treasury)
107,843,430 ordinary shares.

The above figure of 107,843,430 ordinary shares may be used by shareholders as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FSA's Disclosure and Transparency Rules.



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








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