CCO - Capital & Counties Properties PLC - Statement regarding press comment

CCO - Capital & Counties Properties PLC - Statement regarding press comment     
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                                                              
STATEMENT REGARDING PRESS COMMENT                                               
Capital & Counties Properties PLC ("Capco" or the "Company") notes the press    
article this morning relating to a potential partnership regarding its property 
interests at Earls Court.                                                       
Capco`s strategy with regards to Earls Court is to unlock value through land    
management.  The Company has made good progress to date in advancing the        
planning application process.                                                   
Capco regularly reviews its options on how it may participate in any future     
redevelopment of Earls Court if the planning process is successful. One such    
option could be a joint venture, and the Company has received expressions of    
interest from a number of parties. However at this stage no discussions have    
progressed beyond the preliminary stages. There is therefore no certainty that  
any transaction would be forthcoming.                                           
Enquiries:                                                                      
Capital & Counties Properties PLC                                               
Ruth Pavey, Company Secretary           +44 (0)20 3214 9150                     
Hudson Sandler (Public relations - UK)                                          
Michael Sandler                         +44 (0)20 7796 4133                     
College Hill (Public relations - SA)                                            
Nick Williams                           +27 (0)11 447 3030                      
23 February 2011                                                                
Sponsor:                                                                        
Merrill Lynch SA (Pty) Limited                                                  
Date: 23/02/2011 09:41:01 Supplied by www.sharenet.co.za                     
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