Holding in Company

Great Portland Estates PLC
5 February 2001


LETTER TO COMPANY ANNOUNCEMENTS OFFICE

I have today received notification that UBS Asset Management Limited, Phillips &
Drew Life Limited and UBS Asset Management International Limited, all
subsidiaries of UBS Asset Management Holding (No.2) Limited, no longer have a
notifiable interest in the ordinary 50p share capital of Great Portland Estates
P.L.C.

LETTER FROM DESNA MARTIN, GREAT PORTLAND ESTATES



LETTER TO GREAT PORTLAND ESTATES
DATED 2 FEBRUARY 2001 

Re: S.198 Companies Act 1985: as amended by The Disclosure of Interest in Shares
(Amendment) Regulations 1993

I refer to my letter informing you that UBS Asset Management Limited, Phillips &
Drew Life Limited, UBS Asset Management International Limited, and their holding
company UBS Asset Management Holding (No.2) Limited, (which is also treated as
having an interest in the above shares) had a notifiable interest in the
Company.  UBS Asset Management Limited, Phillips & Drew Life Limited, UBS Asset
Management International Limited and UBS Asset Management Holding (No.2) Limited
wish to inform you that they no longer have a notifiable interest in the ord 50p
share capital of the Company.

LETTER FROM PHILLIPS & DREW