Date: 22 January 2010
On behalf of: First Property Group plc (“First Property” or the “Company”)
Embargoed for: 0700hrs

First Property Group plc
Transaction in own Shares


First Property Group plc ('First Property' or the 'Company') announces that on 21 January 2010 it purchased 400,000 of its own ordinary shares at an average price of 15.0 pence per ordinary share. All of the purchased shares are to be held as treasury shares.

Following the transfer into treasury, First Property has in issue (excluding the total of 3,830,588 ordinary shares now held in treasury) 107,770,527 Ordinary Shares.

The above figure of 107,770,527 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.


Enquiries to:

Ben Habib, Chief Executive
First Property Group plc

Tel: 020 7731 2844
www.fprop.com

Chris Hardie, Corporate Finance Director
Arden Partners

Tel: 020 7398 1639
chris.hardie@arden-partners.com

Emma Kane / Adam Leviton
Redleaf Communications Ltd

Tel: 020 7822 0200
al@redleafpr.com