Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

GREAT PORTLAND ESTATES PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

NO 

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

NO 

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

NO 

An event changing the breakdown of voting rights

YES 

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

(1) VII TRADE INTERNATIONAL LIMITED (2) WESTBROOK REAL ESTATE FUND VII, L.P. (3) WESTBROOK REALTY MANAGEMENT VII, L.L.C. (4) INFINITY FUNDING HOLDINGS, L.L.C (5) THE WESTBROOK GROUP L.L.C. (6) PAUL D. KAZILIONIS

4. Full name of shareholder(s) (if different from 3.):

 N/A

5. Date of the transaction and date on which the threshold is crossed or reached:

22 JUNE 2009 

6. Date on which issuer notified:

 22 JUNE 2009

7. Threshold(s) that is/are crossed or reached:

 4 PER CENT.

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

ISIN CODE:

 12,344,962

12,344,962 

 12,344,962

 12,344,962

 N/A

 3.95

 N/A

 GB00B01FLL16

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

 N/A

 N/A

 N/A

 N/A

 N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

 N/A

 N/A

N/A 

 N/A

 N/A

Nominal

Delta

 N/A

 N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 12,344,962

 3.95%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

PAUL D KAZILIONIS OWNS AND CONTROLS THE WESTBROOK GROUP, L.L.C., WHICH OWNS AND CONTROLS INFINITY FUNDING HOLDINGS, L.L.C., WHICH IS THE MANAGING MEMBER OF WESTBROOK REALTY MANAGEMENT VII, L.L.C. WESTBROOK REALTY MANAGEMENT VII L.L.C. IS THE GENERAL PARTNER OF WESTBROOK REAL ESTATE FUND VII, L.P. WHICH OWNS A MAJORITY OF THE SHARES IN AND CONTROLS VII TRADE INTERNATIONAL LIMITED (WHICH ACTS THROUGH A NOMINEE).

Proxy Voting:

10. Name of the proxy holder:

 N/A

11. Number of voting rights proxy holder will cease to hold:

 N/A

12. Date on which proxy holder will cease to hold voting rights:

 N/A

13. Additional information:

AS REQUIRED BY DTR 5.8.8, THE PERCENTAGE VOTING RIGHTS FIGURE OF 3.95% USED IN THIS ANNOUNCEMENT WAS CALCULATED USING THE NUMBER OF VOTING RIGHTS IN EXISTENCE AT 22 JUNE 2009, BEING THE DATE OF MOST RECENT DISCLOSURE MADE BY GREAT PORTLAND ESTATES PLC IN ACCORDANCE WITH DTR 5.6.1 (312,676, 149 ORDINARY SHARES).

14. Contact name:

 MARK DONNOR(1) KASHIF Z.SHEIKH (2)

15. Contact telephone number:

(1) +44 (0)20 7659 9452 (2) +212 849 8800