Great Portland Estates : 19 April 2017 Special dividend, share consolidation and Notice of General Meeting

• Explanatory Circular (the Circular), containing a notice of General Meeting, regarding the Special Dividend and the Share Consolidation

• General Meeting Form of Proxy (the Form of Proxy)

The record date for the Special Dividend will be 6.00 p.m. on Wednesday 17 May 2017 (the date of the General Meeting) and the ex-dividend date will be Thursday 18 May 2017. Payment of the Special Dividend is expected to be made on Wednesday 31 May 2017. A detailed timetable and terms of the Special Dividend and Share Consolidation are set out in the Circular.

The Circular can be found on the Company's website at www.gpe.co.uk under 'Investors - Shareholder Information'.

The Company's General Meeting to approve the Share Consolidation and associated resolutions regarding the share capital of the Company will be held at 11.30 a.m. on Wednesday 17 May 2017 at the registered office of the Company at 33 Cavendish Square, London, W1G 0PW, United Kingdom.

The Circular and Form of Proxy will be submitted to the National Storage Mechanism and will shortly be available for inspection at: www.hemscott.com/nsm.do.

A hard copy of the Circular can be obtained free of charge on request from the Company Secretary of the Company at 33 Cavendish Square, London, W1G 0PW, United Kingdom.

Disclaimer:

This announcement introduces the proposals contained in the Circular, which should be read before taking a decision. The announcement is not a summary of the proposals and should not be regarded as a substitute for reading the Circular.