CCO - Capital & Counties Properties PLC - Exclusivity agreement signed with

CCO - Capital & Counties Properties PLC - Exclusivity agreement signed with     
London Borough of Hammersmith & Fulham                                          
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                                                              
Capital & Counties Properties PLC                                               
29 July 2011                                                                    
EXCLUSIVITY AGREEMENT SIGNED WITH LONDON BOROUGH OF HAMMERSMITH & FULHAM        
Following the recent submission of the planning applications for Sir Terry      
Farrell`s Masterplan for the Earls Court & West Kensington Opportunity Area     
("ECOA"), to create `Four Villages and a 21st Century High Street,` a further   
step has been achieved with the signing of an Exclusivity Agreement between EC  
Properties Ltd, a wholly owned subsidiary of Capital & Counties Properties PLC  
("Capco"), and London Borough of Hammersmith & Fulham ("LBHF").                 
The agreement gives both parties one year of exclusivity in relation to         
discussions around LBHF`s land and its inclusion within Sir Terry Farrell`s     
Masterplan. It also allows the time to secure the necessary statutory consents  
to progress with comprehensive regeneration. In order to enter into the         
agreement EC Properties has paid GBP15 million, GBP10 million of which is       
refundable in the event a deal is not concluded.                                
Gary Yardley, Investment Director, EC Properties commented, "This agreement     
allows us to enter into the next phase of discussions with LBHF in order to     
realise Sir Terry Farrell`s vision for the Opportunity Area. We believe the     
Masterplan will deliver enormous benefits including a much needed multi-billion 
pound investment in both the local area and London, providing 7,500 much needed 
new homes and 12,000 new jobs. In addition to new homes and jobs, the Masterplan
includes offices, leisure, hotel and retail space, as well as a new primary     
school, library, an integrated health centre and 23.5 acres of public open space
including the 5 acre `Lost River Park`."                                        
-Ends-                                                                          
NOTES TO EDITORS                                                                
For financial media enquires please contact:                                    
Hudson Sandler (UK)             Tel: +44 (0) 20 7796 4133                       
Michael Sandler/Wendy Baker                                                     
College Hill (South Africa)     Tel: +27 11 447 3030                            
Nicholas Williams                                                               
For general media enquiries please contact:                                     
Chris Rumfitt, Edelman             Tel: +44 (0) 7967 226 646                    
About EC Properties Ltd:                                                        
EC Properties Ltd is one of the landowners of the Earls Court & West Kensington 
Opportunity Area (ECOA) as designated in the Mayor of London`s draft Replacement
London Plan. The estate consists of the two international exhibition centres at 
Earls Court and one at Olympia. These are run by EC&O Venues, which also        
operates the Brewery, a conference and events venue in the City. These sites    
represent a combined total of 1.7 million square feet of conference, events and 
banqueting space in London.                                                     
EC Properties is a wholly owned subsidiary of Capital & Counties Properties PLC 
("Capco").                                                                      
CAPCO 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 holds 3.3 million square feet of assets valued at GBP1.4 billion   
(31 December 2010) in three landmark London estates: Covent Garden, which has   
assets valued at GBP640 million, including the historic Market Building; Earls  
Court & Olympia Group and 50% of the Empress State building in Earls Court      
amounting to aggregate property assets of GBP481 million; and the Great Capital 
Partnership, a joint venture with Great Portland Estates, which holds prime West
End properties of which Capco`s share is GBP260 million. The company is listed  
on the London Stock Exchange and the JSE, Johannesburg.                         
Sponsor : Merrill Lynch SA (Pty) Limited                                        
Date: 29/07/2011 15:50:01 Supplied by www.sharenet.co.za                     
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