To:                   RNS

From:              IRP Property Investments Limited                             

Date:               19 January 2012

IRP PROPERTY INVESTMENTS LIMITED

PURCHASE OF INVESTMENT PROPERTY

Purchases

On 18 January 2012, IRP Property Investments Limited ("IRP") completed the purchase of a prime retail unit at 25/27 Bridlesmith Gate, Nottingham for £3,179,000.

The property was purchased at a net initial yield of 6.1% and is let to Hobbs Limited on fully repairing and insuring ("FRI") terms at an annual rent of £205,000, expiring in October 2019.

All Enquiries:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: 01481 745001