Dividend Declaration

To: Company Announcements

Date: 24 February 2012

Company: IRP Property Investments Limited

Subject: Interim Dividend

Interim Dividend

IRP Property Investments Limited today announces a second interim dividend in respect of the year ending 30 June 2012, of 1.80 pence per share, as follows:

Ex-Dividend Date - 7 March 2012

Record Date - 9 March 2012

Payment Date - 30 March 2012

All Enquiries:

The Company Secretary

Northern Trust International Fund Administrations Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: 01481 745001

Fax: 01481 745051