RNS Number:4672T
Property Fund Management plc
19 December 2003



                                 Results of EGM


Property Fund Management plc (the "Company") is pleased to announce that the
resolution proposed at the Company's extraordinary general meeting held earlier
today was duly passed. The resolution sought shareholder approval for the
proposed acquisition (the "Acquisition") of the outstanding 50 per cent. of its
French joint venture, GVio.


Application has been made to the UK Listing Authority and to the London Stock
Exchange for the 1,000,000 Consideration Shares (as defined in the Company's
Circular to Shareholders dated 3 December) to be admitted to the Official List
and to trading on the London Stock Exchange's market for listed securities. It
is expected that admission will become effective and that dealings will commence
in the Consideration Shares (subject to any lock-up provisions relating to such
shares) on 23 December 2003, at which time completion of the Acquisition will
also occur.


A copy of the full text of the resolution mentioned above has been submitted to
the UK Listing Authority ("UKLA") and will shortly be available for inspection
at the UKLA's Document Viewing Facility, which is situated at 25 The North
Colonnade, Canary Wharf, London E14 5HS.



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