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Interim Management Statement for the three months ended 31 March 2011.

Commenting on the first quarter, John Burns, Chief Executive Officer of Derwent London, said: “The central London office market continues to perform strongly. We have made excellent progress on lettings, especially at the Angel Building, and we are advancing projects in the development pipeline. We are seeing increased opportunities to add to our portfolio and, underpinned by the capital raising we have announced today, will continue to pursue these. We remain confident of the prospects for our operating market and our Group.”