RNS Number:1094Z
Lehman Bros.International Euro
25 July 2002


                                  Date of Disclosure  25TH JULY 2002

           DISCLOSURE UNDER RULE 8.1(a), 8.1(b)(i) and 8.3 OF THE IRISH 
                  TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2001

Date of Dealing               24TH JULY 2002

Dealing in (name of company)  GREEN PROPERTY PLC

1)  Class of securities (e.g. ordinary shares)  ORDINARY

2)  Amount bought                Amount sold             Price per unit (EUR)

    60,000                                               9.49
    40,000                                               9.50

3)  Resultant total of the same class owned or controlled 
    (and percentage of class) 2,756,797                            (2.67%)

    THE ABOVE POSITION IS HELD FOR HEDGING PURPOSES AS A RESULT OF TRANSACTIONS 
    EXECUTED WITH NON-DISCRETIONARY CLIENTS, IN THE ORDINARY COURSE OF BUSINESS.


4) Party making disclosure  LEHMAN BROTHERS INTERNATIONAL (EUROPE)


5)  EITHER (a) Name of purchaser/vendor (Note 1) LEHMAN BROTHERS INTERNATIONAL 
                                                 (EUROPE)   

    OR     (b) If dealing for discretionary client(s), name of fund 
               management organisation

6)  Reason for disclosure (Note 2)                                     
    (a) (i)  offeror or associate of offeror (Note 3)               YES
        (ii) offeree or associate of offeree                         NO

Specify which category or categories of associate ((a) to (l) page 3/4)  E

If category (l), explain

     (b)  Rule 8.3 (i.e. disclosure because of ownership or control of 1% 
          or more of the class of relevant securities dealt in)     YES

Signed, for and on behalf of the party named in (4) above  N/A  

(Also print name of signatory)  ANTHONY ALLEN

Telephone and extension number  020 7260 2094


Note 1.  Specify owner, not nominee or vehicle company.  If relevant, also 
         identify controller of owner, e.g. where an owner normally acts on 
         instructions of a controller.

Note 2.  Disclosure might be made for more than one reason; if so, state all 
         reasons.

Note 3.  Specify which offeror if there is more than one.

Note 4.  When an arrangement exists with any offeror, with the offeree company 
         or with an associate of any offeror or of the offeree company 
         in relation to relevant securities, details of such arrangement must 
         be disclosed, as required by Rule 8.7.

Note 5.  It may be necessary, particularly when disclosing derivative 
         transactions, to append a sheet to this disclosure form so that all
         relevant information can be given.

Note 6.  In the case of an average price bargain, each underlying trade 
         should be disclosed.

Note 7.  Unless otherwise stated, references to Rules are to Rules in Part B of 
         the Rules.

Note 8.  "Stock Exchange": see definition in Rule 2.1(a) of Part A.

For full details of disclosure requirements, see Rule 8.  If in doubt, 
consult the Panel.



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