Director's Shareholding & Ordinary Shares in Issue

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 11,457 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 30 April 2018.

Under the terms of his appointment Mr Moon receives 40% of his emoluments (£12,000 was the relevant annual value to 30 April 2018), 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 11 June 2018 and 15 June 2018, adjusted for the interim dividend, was 52.37 pence. A similar announcement is expected in February 2019 following the publication of the Group's Interim Results.

As a result of this allotment of shares, Mr Moon's shareholding in the Company is 457,476 Ordinary Shares, which equates to 0.41% of the issued Ordinary Share capital.

Following the sale from Treasury, the Company has 111,253,003 Ordinary Shares in issue. The figure of 111,253,003 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. 5,348,112 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. Around one third of the shares in the Company are owned by management and their families. It has grown its adjusted net assets, together with dividends paid, by some 26% on an annualised basis since 2006.

The Group's 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 include ten directly held properties in Poland and Romania (including five held by Fprop Opportunities plc [FOP], in which the Group is currently the majority shareholder), and interests in nine other funds managed by FPAM.

Listed on AIM the Company has offices in London, Warsaw and Bucharest. Further information about the Company and its products can be found at: www.fprop.com.