First Property Regulatory News (FPO)

First Property Group plc

Director's Shareholding and Ordinary Shares in Issue

The Board of First Property Group plc (AIM: FPO) announces that the Company has issued from Treasury 15,696 Ordinary Shares of one pence each in the Company to Mr Peter Moon, a non-executive Director, in satisfaction of part of his emoluments for the six months ended 31 October 2019.

Under the terms of his appointment Mr Moon receives 40% of his emoluments (£13,200 was the relevant annual value from 1 April 2019) in Ordinary Shares based on the average closing price of the Company's Ordinary Shares for the five day period following the announcement of the half year and annual results. In this case the average closing mid-price per Ordinary Share for the five business days between 22 November 2019 and 28 November 2019, adjusted for the interim dividend, was 42.05 pence.

As a result of this allotment of shares, Mr Moon's shareholding in the Company is 496,805 Ordinary Shares, which equates to 0.45% of the issued Ordinary Share capital.

Following the sale from Treasury, the Company has 110,382,332 Ordinary Shares in issue. The figure of 110,382,332 Ordinary Shares may be used by shareholders as the denominator for calculations by which to determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules. 6,218,783 Ordinary Shares remain in Treasury.

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Notes to Investors and Editors:

First Property Group plc is an award winning property fund manager and investor with operations in the United Kingdom and Central Europe. Its focus is on higher yielding commercial property with sustainable cash flows. The company is flexible and takes an active approach to asset management. 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. FPAM currently manages thirteen funds which are invested across the United Kingdom, Poland and Romania.

·; Group Properties - principal investments by the Group, to earn a return on its own capital, usually in partnership with third parties. Investments comprise nine commercial properties in Poland and Romania and non-controlling interests in ten of the thirteen funds managed by FPAM.

Listed on AIM the Company has offices in London, Warsaw and Bucharest. Around one third of the shares in the Company are owned by management and their families. Further information about the Company and its products can be found at: www.fprop.com.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them: