First Property Regulatory News (FPO)

This RNS statement replaces the earlier announcement of 22 July 2010 at 15.13 under RNS number 7855P

The total of ordinary shares held by the Company in treasury and Notes to investors and editors are now corrected

Date: 23 July 2010

On behalf of: First Property Group plc ("First Property" or the "Company")

Immediate Release

First Property Group plc

Director Dealings

First Property Group plc announces that it was notified on 21 July that Peter Moon, Non-Executive Director, purchased 150,000 ordinary shares in the Company at 17.5p each on 21 July 2010. Peter Moon now holds a total of 150,000 ordinary shares, representing approximately 0.14% of the issued share capital of the Company.

First Property has in issue (excluding a total of 3,830,588 ordinary shares held by the Company in treasury) 109,770,527 Ordinary Shares. The figure of 109,770,527 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.

For further information contact:

Notes to investors and editors

·; First Property Group plc is a commercial property fund manager with operations in the United Kingdom and Central Europe. The performance of its funds under management ranked #1 versus the IPD benchmarks for CEE and Poland for the 4 year period to 31 December 2009.

·; The principal business model of First Property Group can be summarised as follows:

o raise third party funds to invest in income producing commercial property;

o co-invest in these funds;

o earn fees for the management of these funds. Fees earned are a function of the value of assets under management as well as the performance of the funds;

o earn a return on its own capital invested in these funds.

·; It also has a 60% shareholding in a mechanical & electrical (M&E) installation and maintenance contractor, First Property Services Limited.

·; Further information about the Company and its products can be found at: www.fprop.com.