NPT SELLS TAURANGA PROPERTY

The National Property Trust Limited (NPTL), the Manager of The National
Property Trust (NPT) is pleased to announce that the contract for the sale of
the Trust's property in Tauranga comprising the Goddard's Centre and the
adjoining Dumbarton building is now unconditional.

Settlement is scheduled to occur on Monday, 19 October 2009. The sale price
of $13.05 million is a 5.98 percent discount to the property's valuation at
31 March 2009.

The sale proceeds will be applied towards the reduction of bank debt in line
with previous announcements and will reduce the Trust's gearing ratio to
below 23 percent. In addition, this sale will assist with the Trust's
strategy to rebalance the property portfolio by reducing its exposure to
retail properties.

ENDS

For further information please contact:
Kevin Podmore   Tel:    021 273 2723 Mobile
Chairman, The National Property Trust Limited
Or
John Crone      Tel:    04 903 4809 DDI
General Manager, The National Property Trust Limited    Tel:    021 273 2735
Mobile