Acquisition(s)

    Trust Property Management Group plc (`Trust' or `the Group')          

                Acquisition of Chartered Surveyors, Dexter Brown                

Trust Property Management Group plc, the AIM listed property management and
chartered surveying services group, has agreed to acquire the entire issued
share capital of chartered surveyors, Dexter Brown Limited, for a consideration
of £1,500,000, which will be satisfied by the issue of 3,684,211 new ordinary
shares in the Company and a cash consideration of £800,000.

Dexter Brown (www.dexterbrown.com), incorporated in November 2002, specialises
in the provision of commercial property management services including asset and
property management and investment consultancy. Based in Milton Keynes, it has
eight employees and a turnover in excess of £1 million per year, the majority
of which is generated from its core commercial property management division and
the balance being commissions from the sale and purchase of commercial
investment introductions. Before the Managing Director's salary, pre-tax
profits have been in excess of £450,000 for the last three trading years.

Dexter Brown prides itself in the maintenance of high professional standards
and has an established and loyal client base, including Allianz Insurance plc,
Merchant Investors and Buccleuch Estates. The value of properties currently
managed by Dexter Brown exceeds £0.5 billion.

Trust CEO Benjamin Mire said, "This acquisition is yet another step in our
programme to build a fully-integrated UK based property services company and
meets our criteria of enhancing our earnings potential and providing additional
operating cash-flow to the business. Not only does the acquisition strengthen
our position in London and the South East, but we also believe it provides
considerable scope for further growth by increasing turnover through offering
additional services to its extensive client base."

Under the terms of the agreement, Trust has agreed to pay £1,500,000 for the
company, of which £800,000 is payable in cash on completion and 3,684,211 new
ordinary shares. The new ordinary shares are subject to a two-year lock-in
agreement. A claw-back arrangement is in place should the pre-tax profits of
the business fall below £350,000 per year averaged over a two-year period to 30
September 2009. Founding director and 75% equity owner, Trevor Brown (whose
wife held the remaining 25%) will remain as Managing Director of Dexter Brown
for a minimum four-year period, and Trust CEO, Benjamin Mire, is joining its
Board to further accelerate growth.

Application has been made to the London Stock Exchange for the 3,684,211 new
ordinary shares to be admitted to trading on AIM. Trading is expected to
commence on or around 9 October 2007. The new ordinary shares will rank pari
passu with the existing ordinary shares.

Subsequent to the issue of shares noted above the enlarged issued share capital
of the Company comprises of 36,582,637 ordinary shares of 10 pence each.

This is the second acquisition made by Trust since its admission to AIM on 14
March 2007. Its first, completed in June 2007, was Richmond based Nightingale
Chancellors, which provides professional residential and commercial property
management services on behalf of private, corporate and resident association
clients as well as chartered surveying services. The Group intend to
consolidate its commercial management activities and to further enhance the
opportunities to cross sell professional services amongst its operating
subsidiaries.

                                 * * ENDS * *                                  

For further information visit www.tpmgroupplc.co.uk or contact:

Julian Finegold, Director                        Tel: [phone]            
                                                                               
Trust Property Management Group Plc                                            
                                                                               
Liam Murray, Nominated Adviser                   Tel: [phone]            
                                                                               
City Financial Associates Limited                                              
                                                                               
Isabel Crossley/Susie Callear                    Tel: [phone]            
                                                                               
St Brides Media and Finance                                                    

Note to Editors:

Trust Property Management Group plc, which floated on AIM in March 2007, is a
provider of professional property management and chartered surveying services,
with over 13,000 residential and commercial units under management. The
management believe that the Company is well positioned to take advantage of the
fragmented property management and surveying market through the consolidation
of its three key subsidiaries: Trust Property Management Limited, which
undertakes residential and commercial property management services; Trust
Credit Services Limited, which is a licensed credit facilities provider
enabling tenants to spread cost of ground rents and service charges; and Skylon
Limited, which provides a wide range of chartered surveying services.

The Company has a highly experienced management team including David Glass, the
founder of David Glass Associates which floated on AIM in November 1995;
Benjamin Mire, a Chairman of the Leasehold Valuation Tribunal and former
Director at Lee Baron Commercial Limited; Dr Julian Finegold, co-founder of
Trust Property Management Limited and former business and sales manager at IBM
UK; and Larry Lipman, a well-known entrepreneur in the property sector.



END