Result of EGM

Great Portland Estates PLC
26 May 2000
                                       
                         GREAT PORTLAND ESTATES P.L.C.
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             RESULTS OF SPECIAL AND EXTRAORDINARY GENERAL MEETINGS
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At a Special Meeting held today, holders of the Great Portland Estates 9.5 per
cent. Convertible Unsecured Loan Stock 2002 ('CULS') approved the resolution
to amend the CULS Trust Deed providing for the redemption of the CULS to be
effected on 1st June, 2000.

In addition, at an Extraordinary General Meeting also held today, ordinary
shareholders in Great Portland Estates P.L.C. (the 'Company') approved the
return of capital of 80 pence per ordinary share and gave the authority for
the Company to purchase up to 15 per cent. of its own shares.  The return of
capital is now subject to the approval of the Court, which will be sought
following the disposal of properties to generate sufficient funds to enable
the return of capital to take place.


Enquiries
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Great Portland Estates P.L.C.                     Tel: [phone]
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Patrick Hall
Peter Shaw
John Whiteley

Lazard                                            Tel: [phone]
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Nicholas Jones
William Rucker

Cazenove & Co                                     Tel: [phone]
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Richard Cotton
Duncan Hunter

Citigate Dewe Rogerson                            Tel: [phone]
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Sue Pemberton