CAPITAL & COUNTIES PROPERTIES PLC - Response to Press Speculation

Response to Press Speculation

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

08 November 2017

                     CAPITAL & COUNTIES PROPERTIES PLC (“Capco”)

                                     Response to press speculation

Capco notes the recent press speculation and confirms that it remains in discussions with the London
Borough of Hammersmith & Fulham (“LBHF”) to bring forward an enhanced masterplan for the Earls
Court Opportunity Area.

An enhanced masterplan would seek to deliver an increased number of homes across all tenures
throughout the wider Earls Court Opportunity Area, and could involve LBHF taking the lead on future
plans for the West Kensington and Gibbs Green Estates (the “Estates”).

In the event that an enhanced masterplan does not progress or agreement is not reached, the
Conditional Land Sale Agreement (the “CLSA”, a binding agreement in relation to the Estates) will
remain in place.

Further announcements will be made in due course as appropriate.

                                                   -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                           Head of Investor Relations                 +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


Sponsor:
Merrill Lynch South Africa (Pty) Limited

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