Great Portland Estates PLC 24 May 2006 24 May 2006 Great Portland Estates plc appoints Development Director Great Portland Estates plc announces the appointment of Neil Thompson to the Board as Development Director with effect from 1 August 2006. Richard Peskin, Chairman, said; "I am delighted to welcome Neil to the Board. His appointment reflects the growing importance of our development business to the Group." There is nothing which requires disclosure in relation to Mr Thompson pursuant to Rule 9.6.13 of the Listing Rules. Contacts: Great Portland Estates plc Toby Courtauld Chief Executive 020 7647 3042 Finsbury James Murgatroyd 020 7251 3801 Notes for editors Great Portland Estates plc ("GPE") is a central London investor and developer with a portfolio totalling £1.128 million as at 31 March 2006, 80% in the West End with 20% in the City and Southwark. A key component of its strategy has been the redevelopment of substantial parts of its portfolio into an under-supplied central London market, particularly in the West End. The Group embarked on its 700,000 sq ft near-term development programme in October 2003 with Met Building, Percy Street, W1 being the first to complete in May 2005, delivering a 96% ungeared return on cost. There are 4 schemes currently on site with the remaining 4 in the programme to commence construction during the fourth quarter 2006. The development group is currently working on bringing forward the medium and longer-term development programme constituting 15 opportunities with an estimated completed area of approximately 1.6 million sq ft. Neil Thompson, 38, joined GPE in December 2002 to head up the Group's development business. He has over 12 years experience of developing in central London having previously worked at Derwent Valley Holdings plc where he was responsible for a number of projects within central London. Prior to this, he spent 6 years at Legal and General as Fund manager with responsibility for the West End office portfolio. He was appointed to the Group's Executive Committee in March 2005. This information is provided by RNS The company news service from the London Stock Exchange