Holding(s) in Company

Great Portland Estates PLC
2 August 2002


LETTER TO: GREAT PORTLAND ESTATES PLC - DATED 31 JULY 2002

Pursuant to Section 198 of the Companies Act 1985, Section 198, as amended, on
behalf of HBOS plc, we give notice that HBOS plc and its subsidiaries have both
a material and non-material interest in the shares of your company as follows:

Sedol      No of   Security class    Fund - Registered Holder
           Shares                 

0962951    535,370 Ordinary GBP 0.5  115         Chase Nominees Ltd a/c 115
0962951    152,470 Ordinary GBP 0.5  129         Chase Nominees Ltd a/c 129
0962951    623,248 Ordinary GBP 0.5  144         Chase Nominees Ltd a/c 144
0962951    236,135 Ordinary GBP 0.5  169         Chase Nominees Ltd a/c 169
0962951     35,698 Ordinary GBP 0.5  170         Chase Nominees Ltd a/c 170
0962951     47,751 Ordinary GBP 0.5  171         Chase Nominees Ltd a/c 171
0962951     59,394 Ordinary GBP 0.5  173         Chase Nominees Ltd a/c 173
0962951    251,836 Ordinary GBP 0.5  176         Chase Nominees Ltd a/c 176
0962951    108,518 Ordinary GBP 0.5  179         Chase Nominees Ltd a/c 179
0962951     81,395 Ordinary GBP 0.5  180         Chase Nominees Ltd a/c 180
0962951     81,359 Ordinary GBP 0.5  187         Chase Nominees Ltd a/c 187
0962951     48,512 Ordinary GBP 0.5  188         Chase Nominees Ltd a/c 188
0962951    315,101 Ordinary GBP 0.5  195         Chase Nominees Ltd a/c 195
0962951     40,675 Ordinary GBP 0.5  197         Chase Nominees Ltd a/c 197
0962951    738,398 Ordinary GBP 0.5  211         Chase Nominees Ltd a/c 211
0962951    127,798 Ordinary GBP 0.5  213         Chase Nominees Ltd a/c 213
0962951      3,000 Ordinary GBP 0.5  AD0009      Pershing Keen Nominees
0962951    110,127 Ordinary GBP 0.5  B10000S     State Street Nominees
0962951  2,279,400 Ordinary GBP 0.5  EHIGH       Nortrust Nominees Limited
0962951     42,000 Ordinary GBP 0.5  EOULAS      Equitable Life Assurance 
                                                  Society
0962951    400,000 Ordinary GBP 0.5  EQINC       HSBC Global Custody Nominees 
                                                  (UK) Ltd
0962951    300,000 Ordinary GBP 0.5  EQSPE       HSBC Global Custody Nominees 
                                                  (UK) Ltd
0962951     81,000 Ordinary GBP 0.5  EQSTR       HSBC Global Custody Nominees
                                                  (UK) Ltd
0962951      1,915 Ordinary GBP 0.5  FE1F        State Street Nominees
0962951    750,000 Ordinary GBP 0.5  HUIN        Morgan Nominees
0962951  3,300,000 Ordinary GBP 0.5  SJP RF89    St James's Place UK Plc
0962951  4,800,000 Ordinary GBP 0.5  SJP RF80    St James's Place UK Plc
0962951    104,400 Ordinary GBP 0.5  MDIST       Chase Nominees Ltd A/C T19793
0962951      3,600 Ordinary GBP 0.5  PA0525      Pershing Keen Nominees
0962951      8,700 Ordinary GBP 0.5  PP0072      Pershing Keen Nominees
0962951    520,000 Ordinary GBP 0.5  SJP 
                                     RECOVERY 
                                     UNIT TRUST  Bank of New York Nominees Ltd 
                                                  A/C 683003
0962951      3,743 Ordinary GBP 0.5  SJP TRACKER
                                     UNIT TRUST  Bank of New York Nominees Ltd 
                                                  A/C 683013
0962951  4,000,000 Ordinary GBP 0.5  SJP UK & 
                                     GEN PROG UT Bank of New York Nominees Ltd
                                                 A/C 683005
0962951     17,000 Ordinary GBP 0.5  TRACK       Chase Nominees Ltd A/C T22618
0962951      8,920 Ordinary GBP 0.5  UKTRA0      CMI UK Tracker Fund


HBOS plc's material and non material interest is now 20,217,463 which is 9.95% 
of the shares in issue.

LETTER FROM: INSIGHT INVESTMENT





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