Director Declaration

In accordance with the requirements of the London Stock Exchange Listing Rule 9.6.14, IRP Property Investments Limited ("the Company") announces that Mr Christopher Sherwell has informed the Company that NB Distressed Debt Investment Fund Limited, of which he is a non-executive director, listed on the Specialist Fund Market and Channel Island Stock Exchange on 10 June 2010.

All Enquiries:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: 01481 745529

Fax: 01481 745085