Transaction in Own Shares

First Property Group PLC
20 September 2007


Date:            20 September 2007
On behalf of:    First Property Group plc ('First Property' or the 'Company')
Embargoed until: 0700hrs                                   


First Property Group plc
Transaction in own shares

First Property Group plc ('First Property' or the 'Company') announces that on 
18 September 2007 it purchased 150,000 of its own ordinary shares at an average 
price of 18.44 pence per ordinary share.  All of the purchased shares are to 
be held as treasury shares.

Following the transfers into treasury, First Property has in issue (excluding 
the total of 875,000 ordinary shares held in treasury) 110,726,115 Ordinary 
Shares.

The above figure of 110,726,115 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:

George Digby
Finance Director
Tel: [phone]

Chris Hardie
Arden Partners plc
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






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