CAPITAL & COUNTIES PROPERTIES PLC - GBP225 million US Private Placement debt for Covent Garden

GBP225 million US Private Placement debt for Covent Garden

Capital & Counties Properties PLC

(Incorporated and registered in the United Kingdom and Wales with registration Number 07145041
and registered in South Africa as an external company with Registration Number 2010/003387/10)

JSE code: CCO

ISIN: GB00B62G9D36

21 July 2017

                       CAPITAL & COUNTIES PROPERTIES PLC (“Capco”)

                   £225 million US Private Placement debt for Covent Garden

Capco announces that Covent Garden Group Holdings Limited, the holding company for Capco’s Covent Garden
assets and a wholly owned subsidiary of Capco, has signed an agreement with eight institutional investors, for a
private placement of £225 million senior unsecured notes with maturities ranging from seven to 20 years. The
sterling denominated unsecured debt has a weighted average fixed rate coupon of 2.75%.

It is expected that closing and funding of the transaction will occur in August. The new issue will share the same
financial covenants as the existing £325 million of private placement notes issued in 2014 and 2016 and the £705
million bank facility signed in December 2015. Proceeds of the issue will be used initially to repay the bank facility
and for subsequent investment on the Covent Garden estate.

Barclays Bank PLC and Natwest Markets acted as joint active agents on this transaction and were supported by
Santander and HSBC.

Situl Jobanputra, Chief Financial Officer of Capco, commented: “We are very pleased with our third successful
US Private Placement issue, the support we have received from existing investors and to welcome six new
institutions to join our investor group at Covent Garden. This transaction further enhances our capital structure,
providing greater financial flexibility through long term debt at a low cost.”

                                                       -ENDS-



Enquiries

Capital & Counties Properties PLC:
Ian Hawksworth                            Chief Executive                                   +44 (0)20 3214 9188
Situl Jobanputra                          Chief Financial Officer                           +44 (0)20 3214 9183
Sarah Corbett                             Investor Relations Manager                        +44 (0)20 3214 9165

Media enquiries:
Sarah Hagan                              Group Director of Communications & Marketing +44 (0)20 3214 9185
UK: Tulchan                              Susanna Voyle                                +44 (0)20 7353 4200
SA: Instinctif                           Frederic Cornet                              +27 (0) 11 447 3030



Notes to Editors

About Capital & Counties Properties PLC (Capco):
Capital & Counties Properties PLC is one of the largest investment and development property
companies that specialises in central London real estate and is a constituent of the FTSE-250 Index.
Capco's landmark London estates at Covent Garden and Earls Court were valued at £3.5 billion as at
30 June 2017 (Group share). The company is listed on the London Stock Exchange and the
Johannesburg Stock Exchange.

www.capitalandcounties.com

21 July 2017

JSE Sponsor:

Merrill Lynch South Africa (Pty) Limited

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