First Property Regulatory News (FPO)

First Property Group plc

Director / PDMR shareholding

First Property Group plc (AIM: FPO), the property fund manager and investor, was today notified that George Digby, Group Finance Director, has today transferred into his SIPP 148,456 ordinary shares ("Ordinary Shares") by way of a sale and buy back at prices of 48.5 pence and 48.52 pence, respectively. Following this transaction, George Digby's beneficial interest in the Company remains unchanged at 620,000 Ordinary Shares, representing 0.53 per cent. of the total issued share capital of the Company.

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Notes to investors and editors:

First Property Group plc is a property fund manager and investor with operations in the United Kingdom and Central Europe. Its earnings are derived from:

· Fund management - via its FCA regulated and AIFMD approved subsidiary, First Property Asset Management Ltd (FPAM), which earns fees from investing for third parties in property:

o Management fees are levied by reference to the value of properties under management;

o Performance fees are levied where appropriate, usually payable upon realisation of profits above an agreed hurdle.

· Group Properties - principal investments by the Group, to earn a return on its own capital, usually in partnership with third parties.

FPAM funds have ranked No.1 versus the Investment Property Databank (IPD) Central & Eastern Europe (CEE) universe for the annualised periods from the commencement of its operations in Poland in 2005 to the end of each of the years between 31 December 2008 and 31 December 2014.

First Property Asset Management Limited is authorised and regulated by the Financial Conduct Authority. Further information about the Company and its products can be found at: www.fprop.com