INTU PROPERTIES PLC - Intu Proposes To Issue 110m Of New Notes Under The Existing Intu Trafford Centre Commercial Mortgage-Backed Securit

Intu Proposes To Issue £110m Of New Notes Under The Existing Intu Trafford Centre Commercial Mortgage-Backed Securit

INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code:    GB0006834344
JSE Code:     ITU



19 FEBRUARY 2014
INTU PROPERTIES PLC


INTU PROPOSES TO ISSUE £110M OF NEW NOTES UNDER THE EXISTING INTU
TRAFFORD CENTRE COMMERCIAL MORTGAGE-BACKED SECURITIES
TRANSACTION

Intu Properties plc (“Intu”) today announces the launch of £110m additional class A, B
and D notes (“New Notes”) under the Trafford Centre Finance Limited Commercial
Mortgaged-backed Securities transaction (“intu Trafford CMBS”) established in 2000.
The proceeds will be used to provide funds for Intu’s pipeline of active management
projects and major extensions.

The New Notes will be secured by intu Trafford Centre, the prime super-regional
shopping centre near Manchester. The Notes will rank pari passu with the current
outstanding class A, B and D notes (“Existing Notes”) and will have an average maturity
of nine years. It is expected that the New Notes will obtain an investment grade rating.

As at 31 December 2013 the assets secured under the intu Trafford CMBS were valued
at £1,821m implying a loan to value of c.45% after the issuance of the New Notes. As at
31 December 2013 the combined intu Trafford Centre and adjoining property outside the
collateral pool was valued at £1,900m (30 June 2013 - £1,850m).

Credit Suisse and Lloyds Bank will be acting as joint bookrunners on the proposed bond
issuance. The New Notes are expected to be listed on the London Stock Exchange.


ENQUIRIES

Intu Properties plc
Matthew Roberts           Finance Director                                                  +44 (0)20 7960 1353
Kate Bowyer               Business Relations Director                                       +44 (0)20 7960 1250

Public relations
UK:                       Michael Sandler/Wendy Baker, Hudson Sandler                       +44 (0)20 7796 4133
SA:                       Nicholas Williams, Instinctif                                     +27 (0) 11 447 3030


NOTES FOR EDITORS


Intu Properties plc (formerly Capital Shopping Centres Group PLC) is the UK’s market-leading developer, owner
and manager of prime regional shopping centres. Intu owns and operates some of the very best shopping
centres, in the strongest locations right across the UK, including ten of the country’s top 25. Every one of the
UK’s top 20 retailers is in Intu’s shopping centres, alongside some of the world’s most iconic global brands.

With over 17 million sq ft of retail space valued at over £7 billion, Intu’s 16 centres attract some 350 million
customer visits a year and two thirds of the UK population live within a 45 minute drive time of one of the centres.

At the forefront of UK shopping centre evolution since the 1970s Intu’s focus is on creating compelling
destinations for consumers with added theatre.

On 15 January 2013, the company announced the creation of a nationwide consumer facing shopping centre
brand – intu – and the transformation of the Group’s digital proposition including a transactional website, to
provide the UK’s leading shopping centre experience on and off-line.

Intu has a UK investment programme of £1 billion over the next ten years on active management projects and
major extensions at most of the centres. Funding for this programme will include recycling of existing assets as
well as the possible introduction of partners into major assets.

Intu also has interests outside the UK including an effective interest of 9 per cent in Equity One, a US retail REIT,
a 32 per cent interest in Prozone, an Indian shopping centre developer, and a joint venture in Spain for
predevelopment activity on three major sites under option, in Malaga, Valencia and Vigo. In October 2013 Intu
acquired, with a partner, a regional shopping centre in Northern Spain for €162 million.

Over 80,000 people are employed at Intu centres across the UK and the company is fully committed to
supporting local communities and the wider environment through meaningful and hands-on initiatives.

For further information see www.intugroup.co.uk


-----------------------------------------------------ENDS-------------------------------------------------------


Sponsor:
Merrill Lynch South Africa (Pty) Ltd

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