CAPITAL & COUNTIES PROPERTIES PLC - Resolution to Grant Consent for Earls Court Masterplan from RBKC

Resolution to Grant Consent for Earls Court Masterplan from RBKC

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


PRESS RELEASE
21 November 2012

                               CAPITAL & COUNTIES PROPERTIES PLC
       RESOLUTION TO GRANT CONSENT FOR EARLS COURT MASTERPLAN FROM RBKC

Plans to redevelop the Earls Court and West Kensington Opportunity Area into an exciting new urban
district containing more than 7,500 new homes and creating 12,000 new jobs have been approved by
the Royal Borough of Kensington & Chelsea (“RBKC”).

Capital & Counties Properties PLC (“Capco”) welcomes the decision made last night by the Council’s
planning committee to resolve to grant outline planning permission to turn the Earls Court and West
Kensington Opportunity Area (“ECOA”) into a vibrant, new urban district.

The Earls Court Masterplan sits across two boroughs and the RBKC decision follows the September
approval by the London Borough of Hammersmith & Fulham (“LBHF”) for the redevelopment. Sir Terry
Farrell’s Masterplan is based on the concept of ‘Four Urban Villages and a 21st Century High Street’ and
is inspired by the best of London including garden squares, mansion blocks and open space. The scheme
will comprise of 10.1 million sq ft of development including 7,500 new homes, around 1,500 of which
will be affordable, offices, hotels, work space, education, cultural and community facilities, as well as a
new five acre park for London.

Ian Hawksworth, Chief Executive of Capco said:

“We are delighted that the Earls Court Masterplan has now been approved by both RBKC and LHBF. The
project has real momentum and we look forward to working with the local authorities to deliver Sir
Terry’s vision for a new urban quarter in this exciting part of London.”

The Section 106 agreement, which provides for significant investment in improvements in the area
including transport, employment and training, is being finalised with the local authorities. The Greater
London Authority is also considering its Stage 2 report on the Masterplan which is anticipated in the
coming weeks.

                                                 -ENDS-
Capital & Counties Properties PLC
Ian Hawksworth, Chief Executive                 Tel:    + 44 (0) 20 3214 9188
Gary Yardley, Investment Director
Soumen Das, Finance Director

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 226646


Sponsor: Merrill Lynch South Africa Proprietary Ltd

About 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 3.0 million square feet of
assets valued at £1.6 billion (as at 30 June 2012) in three landmark London estates: Covent Garden,
which has assets valued at £856 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
£620 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 £159 million. The company is listed on the London
Stock Exchange and the JSE, Johannesburg.

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