Great Portland Estates PLC 02 March 2006 For immediate release 2 March 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES GREAT PORTLAND ESTATES plc 7.25% First Mortgage Debenture Stock due 2027 Yesterday the company repurchased £52,306,265 nominal of the stock for cancellation, representing 55.4% of the outstanding stock. £42,159,310 nominal remains outstanding. As announced yesterday, until close of business on 7 March 2006, the company will respond to offers from holders of the stock who wish to sell their stock back to the company, for cancellation, at a price that gives a spread of 0.375% over the 6% Treasury Stock 2028 at the time of trade. Stockholders should contact the company's broker, JPMorgan Cazenove (details below). Contact: Great Portland Estates plc: Timon Drakesmith, Finance Director 020 7647 3034 JPMorgan Cazenove: Francis Burkitt/Tim Waters/David Varney/Will Beausire 020 7588 2828 The communication of this press release is only being made to those persons in the United Kingdom who fall within Article 43(2) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 or any other persons to whom it may otherwise lawfully be made under that Order. Copies of this press release are not being, and must not be, mailed or otherwise forwarded, distributed or sent in or into or from the United States, and persons receiving this press release (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or send it into or from the United States. Great Portland Estates plc does not intend to consider offers of stock made by persons in the United States. This information is provided by RNS The company news service from the London Stock Exchange