INTU PROPERTIES PLC - Confirmation of Offer of Scrip Dividend Alternative to the Cash 2012 Final Dividend

Confirmation of Offer of Scrip Dividend Alternative to the Cash 2012 Final Dividend

INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code:      ITU
INTU PROPERTIES PLC (the “Company”)

CONFIRMATION OF OFFER OF SCRIP DIVIDEND ALTERNATIVE TO THE CASH
2012 FINAL DIVIDEND

On 27 February 2013, the Directors announced a final dividend for 2012 of 10.0
pence per ordinary share payable on 4 June 2013 (the “Dividend”). Subject to the
terms of the scrip dividend scheme (the “Scheme”) which was approved by
shareholders at the Company’s 2012 AGM, the Directors are pleased to offer a scrip
dividend alternative for the Dividend, and the Dividend will therefore be paid as
follows:

   •   If taken in cash, the Dividend will be wholly paid as a Property Income
       Distribution (“PID”) which will be subject to deduction of a 20 per cent UK
       withholding tax unless exemptions apply
   •   Shareholders who make an election to receive shares will receive shares
       based on 8.5 pence being paid as a PID, and 1.5 pence being paid as a non-
       PID. The PID element will be subject to deduction of a 20 per cent UK
       withholding tax unless exemptions apply. The non-PID element will be treated
       as an ordinary UK company dividend.

Shareholders will receive the Dividend in cash unless they elect to receive
shares instead. It is intended that the Scheme be offered for all future dividends; the
Board does however reserve the right to withdraw the Scheme for any particular
dividend at its discretion. A full description of the terms of the Scheme are contained
in the Scrip Dividend Booklet which is available for viewing or download from the
Company’s website at www.intugroup.co.uk. Hard copies can be requested via the
website or by contacting the Company (email feedback@intu.co.uk or telephone +44
(0)20 7960 1236).

Election forms for the Scrip Dividend will be posted to certificated shareholders as
soon as practicable. Further forms for certificated shareholders are available from our
Registrars:

UK Shareholders:
Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU
(Tel: 0871 664 0300 (calls cost 10p per minute plus network extras), or +44 20 8 639
3399, if calling from outside UK).

SA Shareholders:
Computershare Investor Services (Pty) Ltd., 70 Marshall Street, Johannesburg 2001,
South Africa (postal address: PO Box 61763, Marshalltown 2107, South Africa)
(Tel: +27 (0)11 370 5000).

or by download from www.intugroup.co.uk/investors/shareholders-
bondholders/dividends/2012-final-dividend/

Shareholders holding their shares in dematerialised form through CREST in the UK
or Strate in SA and who wish to make a scrip election should contact their CREST
service provider, CSDP, Broker or Nominee as applicable. Additional information is
contained in the Booklet.
  A timetable of events in relation to the Dividend is set out below. The events shown
  in italics apply specifically to the scrip alternative to the Dividend.

Confirmation and timetable of scrip alternative                    Friday 5 April 2013
announced
Scrip price calculation period – average of five dealing    5 – 11 April 2013 inclusive
dates on each exchange
Currency Conversion Date (sterling/Rand)                       Thursday 11 April 2013
Sterling/Rand conversion rate and dividend amount in             Friday 12 April 2013
SA currency announced
Scrip price and scrip ratio announced                            Friday 12 April 2013
Ex-dividend date (SA)                                            Monday 22 April 2013
Ex-dividend date (UK)                                         Wednesday 24 April 2013
Record Date (both UK and SA)                                     Friday 26 April 2013
Last date for receipt of Tax Exemption Declaration               Friday 26 April 2013
Forms to permit dividend to be paid gross (UK
Shareholders only)
*Election Date for scrip alternative (SA) (by noon)              Friday 26 April 2013
*Election Date for scrip alternative (UK)(by close of               Friday 3 May 2013
business)
Dividend payment date (UK & SA)                                   Tuesday 4 June 2013
CREST (UK register) and CSDP (SA register)                        Tuesday 4 June 2013
accounts credited and share certificates issued to
certificated shareholders
First day of dealings and admission to the official list          Tuesday 4 June 2013
of the UK Listing Authority and the JSE for New
Ordinary Shares under the Scrip Dividend Scheme

  SA Shareholders should note that, in accordance with the requirements of Strate, the
  last day to trade cum-dividend will be 19 April 2013 and that no dematerialisation or
  rematerialisation of shares will be possible from 22 April to 26 April 2013 inclusive.
  No transfers between the UK and South African registers may take place from 11
  April to 28 April 2013 (both days inclusive).


  *Earlier election dates apply where shares are held indirectly; shareholders should
  contact their CREST service provider, CSDP, broker or nominee as applicable.

  5 April 2013

  Sponsor:
  Merrill Lynch South Africa (Pty) Ltd

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