CAPITAL SHOPPING CENTRES GROUP PLC - Confirmation of offer of scrip dividend alternative to the cash 2012 interim dividend

Confirmation of offer of scrip dividend alternative to the cash 2012 interim dividend

CAPITAL SHOPPING CENTRES GROUP PLC
(Registration number UK3685527)
ISIN Code:     GB0006834344
JSE Code:      CSO
Issuer Code: CSCSCG

CAPITAL SHOPPING CENTRES GROUP PLC (the “Company”)
CONFIRMATION OF OFFER OF SCRIP DIVIDEND ALTERNATIVE TO THE CASH
2012 INTERIM DIVIDEND

On 26 July 2012, the Directors announced an interim dividend for 2012 of 5.0
pence per ordinary share payable on 20 November 2012 (the “Dividend”). The
Dividend will be paid totally as a Property Income Distribution (“PID”) and will be
subject to a 20% UK withholding tax unless exemptions apply.

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 2012 Interim Dividend (the
“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.capital-shopping-
centres.co.uk. Hard copies can be requested via the website or by contacting the
Company (email feedback@capshop.co.uk or telephone +44 (0)20 7960 1236).

South African shareholders should note that since publication of the Booklet on 7
March 2012, further clarification of the anticipated South African tax treatment of
both cash and scrip dividends has been obtained. The current version of the
booklet, available as stated above, contains updated guidance.

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.capital-shopping-
centres.co.uk/investors/shareholder_info/dividends

Shareholders holding their shares in dematerialized 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 28 September 2012
announced
Scrip price calculation period – average of five                  28 September – 4 October
dealing dates on each exchange                                              2012 inclusive
Currency Conversion Date (sterling/Rand)                           Thursday 4 October 2012
Sterling/Rand conversion rate and dividend amount                    Friday 5 October 2012
in SA currency announced
Scrip price and scrip ratio announced                                Friday 5 October 2012
Ex-dividend date (SA)                                               Monday 15 October 2012
Ex-dividend date (UK)                                            Wednesday 17 October 2012
                                                                                      
Record Date (both UK and SA)                                        Friday 19 October 2012
Last date for receipt of Tax Exemption Declaration                  Friday 19 October 2012
Forms to permit dividend to be paid gross (UK
Shareholders only)
*Election Date for scrip alternative (SA) (by noon)                 Friday 19 October 2012
*Election Date for scrip alternative (UK)(by close of               Friday 26 October 2012
business)
Dividend payment date (UK & SA)                                   Tuesday 20 November 2012
CREST (UK register) and CSDP (SA register)                        Tuesday 20 November 2012
accounts credited and share certificates issued to
certificated shareholders
First day of dealings and admission to the official               Tuesday 20 November 2012
list 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 12 October 2012 and that no
  dematerialisation or rematerialisation of shares will be possible from 15 October
  to 19 October 2012 inclusive. No transfers between the UK and South African
  registers may take place from 4 October to 21 October 2012 (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.

  28 September 2012

  Sponsor: Merrill Lynch South Africa (Pty) Ltd

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