Director/PDMR Shareholding

13 November 2012

METRIC PROPERTY INVESTMENTS PLC

MATCHING SHARE PLAN ("MSP") - PURCHASE AND AWARD

Following the announcement on 9 November 2012 that Metric Property Investments plc ("Metric" or the "Company") and London & Stamford Property plc have reached agreement on the terms of a recommended merger (the "Merger"), Andrew Jones, Valentine Beresford, Mark Stirling and Sue Ford, directors of the Company, have today purchased ordinary shares in the Company at a price of 101.5 pence per share, in accordance with the Company's MSP and as shown in the table below.

The shares acquired have been purchased using 50 per cent of the individuals' retained bonuses after tax and national insurance.

Following this purchase, and the announcement of the Merger, in accordance with the Rules of the MSP, the Company's Remuneration Committee has agreed that the above Directors be conditionally awarded a right to receive a Matching Share Award equal to two times the number of shares acquired at nil consideration, as shown in the table below.

The awards will vest on the third anniversary of grant, subject to achievement of the performance conditions and continued employment or earlier, at the Remuneration Committee's discretion if the Merger becomes effective.