TPM Trust Property

    Trust Property Management Group plc (the "Company")

First Day of Dealings on AIM

Trust Property Management Group plc, the property management and chartered
surveying services group, was today admitted to trading on AIM having raised �
600,000 through a placing of 6,000,000 new ordinary shares at 10p per share.
The funds raised will provide working capital for the group as well as cash
consideration for future selected acquisitions.

The Company is the holding company for a group which provides services for the
management of long leasehold residential and commercial properties, chartered
surveying services and has the ability to offer leaseholders associated credit
finance facilities. The Group will manage a wide range of properties, which can
vary from a house converted into two or three flats, to large purpose built
blocks and developments. Currently, the Group is instructed by certain resident
controlled management companies and freehold landlords.

On Admission the Company's issued share capital is 29,398,426 ordinary shares
of 1 penny each.

Contacts:

Julian Finegold

Trust Property Management Group Plc

Tel: 0845 260 1515

Liam Murray, Nominated Adviser

City Financial Associates Limited

Tel: 020 7090 7800

Isabel Crossley / Susie Callear

St Brides Media and Finance

Tel: 020 7242 4477

Further Details

The Property Management & Surveying Industries

The Directors believe that, with approximately two million flats and houses in
England and Wales subject to long leasehold interest, the scope for residential
managing agents in England and Wales is substantial. The Directors further
believe that the market is highly fragmented. Accordingly, the Directors
consider that there are significant opportunities for consolidation in the
sector which will enable the Group to grow.

It is usual practice within the property management industry for freehold
ground rent landlords to delegate to managing agents the execution of their
obligations under the provisions of each lease on behalf of the landlord; and
it is also usual practice for blocks of flats, where the residents have the
right to appoint a managing agent, to do so. The Directors believe the costs of
operating as a managing agent have escalated over the past 15 years due to the
increase in legislation covering their activities leading to some of the owners
of smaller firms becoming unable to absorb the additional costs and for the
owners to seek to exit the industry by selling or closing their businesses.

Typically, managing agents or surveyors receive income from the following
sources:

  * management fees usually charged on a per-unit basis;
   
  * insurance commissions as agreed between the instructing broker acting for
    the landlord, residents and the managing agent; and
   
  * fees in regard to supervision of building works.
   
The Directors believe that, given the recurring nature of the agreements
entered into by managing agents with their clients, the industry is generally
recognised as being able to provide a sustainable stream of income.

The Directors consider that the growth opportunities for a small to medium size
general surveying practice, able to offer a wide range of professional services
by a skilled, broad based professional team are strong. In the Directors'
opinion more specialised firms are likely to be susceptible to fluctuations in
the property market, the economy and their size in what is a large and
relatively loyal yet competitive market.

Operating Subsidiaries

Trust Property Management Limited (TPM)

This company undertakes the Group's residential and commercial property
management activities. TPM commenced trading in January 2006 and has since
grown by acquisition; currently managing over 10,000 residential and commercial
units.

In June 2006, TPM acquired the business and assets, including property
management contracts, in respect of properties previously managed by Lancaster
Brown Limited, for approximately �350,000 in cash.

Since September 2006, TPM has taken over the property management contracts of a
total of approximately 1,200 residential units, as well as the administration
of a further 5,500 non-managed units, owned by Lakeside (and parties related
thereto) and Cyril Freedman. TPM has entered into management agreements with
each of Lakeside and Cyril Freedman retaining TPM as property manager for units
owned by them for a period until at least July 2010. These agreements provide
for minimum annual fees to TPM of not less than �140,000 and �60,000
respectively during the first two years following their execution.

Skylon Limited (Skylon)

This company provides a wide range of chartered surveying services. Its client
base includes banks, building societies, publicly quoted companies, charities,
private companies, trusts and private individuals. Skylon has achieved ISO 9001
quality management status and is a member firm of the RICS (Royal Institution
of Chartered Surveyors). Skylon's income is transaction based and the company
has acted for approximately 300 clients over the past four years.

The Company currently employs 20 staff, including three chartered surveyors and
three trainee chartered surveyors. It also uses the services of five consultant
chartered surveyors and one building surveyor.

Trust Credit Servcies Limited(TCS)

This company is licensed to provide credit facilities, enabling tenants to
spread the cost of ground rents and service charges over a period of up to one
year. TCS was incorporated in July 2006 and received its consumer credit
licence in January 2007.

Future Strategy

The Directors believe that the combination of property management, chartered
surveying and financial services activities will provide significant
opportunities to cross-sell the products of each business into the customer
bases of the others.

The Directors also believe that the property management and services market is
fragmented and that there is significant opportunity to grow by consolidating
smaller operators through acquisition, including owner-managed firms whose
proprietors wish to sell their businesses to a well-capitalised operator. The
Directors believe that Admission will provide the Group with the following
advantages over a comparable privately-owned group:

  * tradeable securities to offer vendors, whose businesses are acquired by the
    Group, giving them the opportunity to participate in the growth of the
    Group whilst potentially offering an exit from their holdings at some time
    in the future;
   
  * the opportunity to consider raising additional funds from investors in AIM
    companies to provide some element of cash consideration to such vendors;
   
  * raise the profile of the Group; and
   
  * assist in the incentivisation of key members of staff of the Group.
   
The Directors have extensive contacts throughout the property management and
chartered surveying industries in England and Wales and are aware of a number
of businesses that may potentially become available to acquire. Following
Admission, the Directors will assess potentially attractive target businesses
with a view to making selective acquisitions in due course. It is envisaged
that such acquisitions would be financed out of issues of new Ordinary Shares
to the vendors of such businesses and, to the extent the consideration included
a cash element, this would be financed out of the Company's existing resources
(for smaller acquisitions) and/or cash provided by future debt taken on, or the
issue of new Ordinary Shares.

In addition, the Company may take strategic stakes in property management
businesses whose value the Directors believe the Group can enhance, principally
with a view to their subsequent outright acquisition by the Group.

Directors

David Glass, aged 70 - Non-executive Chairman

David Glass has spent most of his working life in the property management
industry. In 1974 he founded David Glass Associates, a property management
group which had established a portfolio of over 11,000 units at the time it
floated on AIM in November 1995. He continued as a director until 1997 when
shareholders of David Glass Associates accepted an offer from another
AIM-quoted company (Hercules Property Services plc). David Glass then retired
from active property management activities and placed his various ground rent
portfolios with third party managing agents.

Benjamin Mire FRICS, aged 46 - Chief Executive

Benjamin Mire has spent his career in the chartered surveying and property
management industries. He spent his early career at Lee Baron Commercial
Limited a predominantly commercial property management practice. The practice
grew and Benjamin rose to be director of property management and human
resources by the time he left in November 1991 to establish his own surveying
practice. This was incorporated into Skylon Limited in mid 1996. Benjamin is
well known in the UK property management industry and in August 1999 he was
appointed as a part-time Chairman of the Leasehold Valuation Tribunal by the
Lord Chancellor's Department. Benjamin Mire's appointment as a director of the
Company and its Chief Executive took place on ** 2007.

Michael Yun, aged 31 - Property Management Director

Michael Yun joined TPM in January 2006. Prior to joining TPM he was team leader
responsible for a portfolio of resident controlled blocks of flats for BLR
Limited (which managed a portfolio of more than 10,000 leaseholders). He joined
BLR from Chesterton International Limited's property leasing division and had
previously worked with other property management groups in the UK and
Australia. In all, he has 10 years' experience in the property management
industry.

Shane Warner, CA (New Zealand), aged 32 - Finance Director

Shane Warner joined TPM in September 2006 from BLR Limited, a property
management company where he led the finance team and supervised the
installation of accounting systems. Prior to that he spent five years in audit
and assurance with Deloitte & Touche in New Zealand and Canada. He qualified as
a CA (chartered accountant) in New Zealand in 2000.

Dr Julian Finegold, aged 54 - Non-executive Director

Julian Finegold is a co-founder of TPM and has co-invested in a number of
property management activities with David Glass. Prior to co-founding TPM in
2006, Julian spent a 23 year career in business and sales management at IBM UK
Limited, leading operations in its consultancy, project management and business
recovery divisions.



END

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