AG52 Citi Fun 24

RNS Number:1010D
Green Property PLC
29 October 2002

                               Green Property plc

                                 (the "Issuer")


Notice to the holders of the outstanding #100,000,000 7.25 per cent. Guaranteed
        Bonds due 2009 (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 Trust Deed dated 27 July 1999, as
modified and restated by a Trust Deed dated 15 May 2002, constituting 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 #58,020,000
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.

#41,980,000 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: 020 7508 3815/3809
        Fax: 020 7508 3878



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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