Reach non-regulatory announcement

First Property Group plc

Appointment of Head of Leasing, Poland

First Property Group plc (AIM: FPO), the property fund manager and investor with operations in the United Kingdom and Central Europe, is pleased to announce that Janusz Garstka has joined the Company as Head of Leasing, Poland. He will report to Jeremi Slominski, Head of Asset Management in Poland.

Janusz has been involved in the real estate market for 17 years. Janusz gained his experience at the international consulting agency Knight Frank, Poland. In recent years he has worked as a leader and exclusive agent for leading investment funds and owners of commercial properties in Poland. In his career, Janusz has conducted and successfully completed lease transactions of more than 150,000 square metres.

At First Property Janusz will be responsible for leasing over 110,000 square metres of office properties in five cities in Poland: Warsaw, Krakow, Gdynia, Poznan and Lublin. He will also develop procedures and strategies related to the commercialisation of these properties.

First Property Poland currently has 20 commercial properties under management in Poland, including office buildings in the aforementioned five cities and shopping centres in Ostrowiec Świętokrzyskie, Świnoujście and Krasnystaw.

Przemysław Kiszka, Managing Director, First Property Poland, said:

"I am delighted that Janusz has joined us to strengthen our team. His years of experience and knowledge of the Polish market will contribute to even better cooperation with our tenants and business partners and support our further development."

ENDS

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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 twelve 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 six directly held properties in Poland and Romania, and non-controlling interests in ten of the twelve funds managed by FPAM.

Quoted on AIM, the Company has offices in London and Warsaw. Around one third of the Company's shares are owned by management and their families. Further information about the Company and its properties can be found at: www.fprop.com. To receive RNS alerts by email please subscribe here.

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