Bondholders

RNS Number:1004D
Green Property PLC
29 October 2002

                               Green Property plc

                                 (the "Issuer")

Notice to the holders of the outstanding #150,000,000 7.25 per cent. Guaranteed
        Bonds due 2016 (the "Bondholders" and the "Bonds" respectively)


Terms not defined herein shall bear their meaning as defined in the terms and
conditions of the Bonds as set out in the Offering Circular dated 7 December
2001 relating to the Bonds.

Further to the Put Event Notice dated 27 August 2002 and the subsequent Put
Period which expired on 18 October, 2002, notice is hereby given that
#21,880,000 in aggregate principal amount of Bonds were purchased by the Issuer
on 29 October, 2002 pursuant to the option contained in condition 5(d) of the
Bonds and cancelled forthwith.

#128,120,000 in aggregate principal amount of the Bonds are as of the date
hereof outstanding.



   PRINCIPAL PAYING AGENT                              PAYING AGENT
       Citibank, N.A.                      Banque Generale du Luxembourg S.A.
    5 Carmelite Street                          50, Avenue J.F. Kennedy
      London EC4Y 0PA                               L-2951 Luxembourg


Contact: John Brickell/Richard Breeze
   Tel: [phone]
     Fax: [phone]



This notice is given by Green Property plc
Styne House, Hatch Street Upper, Dublin 2, Ireland

29 October 2002


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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