Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

Metric Property Investments plc

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

An acquisition or disposal of voting rights

Yes

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

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

An event changing the breakdown of voting rights

Other (please specify):

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

Mirabaud Investment Management Limited

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

1,097,494 State Street Nominees Limited (20HE)

55,845 State Street Nominees Limited (20HG)

633,457 Chase Nominees Limited (60688)

386,326 NORTRUST Nominees Limited (SRY13)

514,284 BNY (OCS) Nominees Limited (164656)

731,438 BNY (OCS) Nominees Limited (287624)

457,969 BNY (OCS) Nominees Limited (392430)

308,031 BNY (OCS) Nominees Limited (392430)

692,247 BNY (OCS) Nominees Limited (768155)

751,983 Mellon Nominees (UK) Limited Account (RLMF2000002)

285,804 Securities Services Nominees Limited (300362)

100,000 Securities Services Nominees Limited (300350)

95,677 Securities Services Nominees Limited (339551)

346,156 Securities Services Nominees Limited (300691)

385,185 Chase Nominees Limited (39668)

2,161,070 HSBC Global Custody Nominee (UK) Limited (636003)

549,488 HSBC Global Custody Nominee (UK) Limited (640766)

797,546 Stargas Nominees Limited ( - )

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

19th March 2010

6. Date on which issuer notified:

22nd March 2010

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

Above 5%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct xi

Indirect xii

Direct

Indirect

GB00B3PQND71

0

0

10,350,000

10,350,000

-

5.91%

-

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

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

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Total (A+B+C)

Number of voting rights

Percentage of voting rights

10,350,000

5.91%

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

Proxy Voting:

10. Name of the proxy holder:

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

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

13. Additional information:

14. Contact name:

Susan Ford

15. Contact telephone number:

020 7355 6230