White Star Property Holdings Plc (the "Company")

Holding in Company

Pursuant to section 198 of the Companies Act 1985 the Company received
notification 26 September 2006 that Monredon Limited had an interest in
20,000,000 ordinary shares in the Company representing approximately 6.65% of
the issued share capital of the Company.

The issued share capital of the Company is 300,559,500 ordinary shares



END



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