Dividend Declaration

To: Company Announcements

Date: 23 February 2011

Company: IRP Property Investments Limited

Subject: Dividend Declaration

Interim Dividend

IRP Property Investments Limited today announces a second interim dividend in respect of the year ending 30 June 2011, of 1.80 pence per share, as follows:

Ex-Dividend Date - 2 March 2011

Record Date - 4 March 2011

Payment Date - 25 March 2011

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 745529

Fax: 01481 745051