INTU PROPERTIES PLC - Results of Rights Issue

Results of Rights Issue

INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code:      ITU


FOR IMMEDIATE RELEASE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, SWITZERLAND, CANADA, JAPAN, OR ANY JURISDICTION IN
WHICH THE SAME WOULD BE UNLAWFUL.



INTU PROPERTIES PLC

RESULTS OF RIGHTS ISSUE

22 April 2014

Intu Properties plc (the "Company") today announces that the 2 for 7 rights issue of 278,241,628
ordinary shares of 50 pence each in the share capital of the Company (the “New Shares”) at 180
pence or ZAR 32.28 per New Share (the “Rights Issue”) announced on 20 March 2014 closed for
acceptances at 11.00 a.m. (London time) on 17 April 2014. The Company received valid
acceptances in respect of 275,493,790 New Shares, representing approximately 99.0 per cent. of
the total number of New Shares offered to Qualifying Shareholders pursuant to the fully
underwritten Rights Issue.

In the UK, New Shares in uncertificated form will be credited to CREST accounts as soon as
practicable after 8.00 a.m. (London time) on 22 April 2014 and definitive share certificates in
respect of New Shares in certificated form will be dispatched to Shareholders by no later than 30
April 2014. In South Africa, dematerialised shareholders will have their accounts credited with New
Shares as soon as practicable after 9.00 a.m. (Johannesburg time) on 22 April 2014 and share
certificates will be dispatched to certificated Shareholders by no later than 30 April 2014. New
Shares will commence trading fully paid on the London Stock Exchange’s main market for listed
securities and the Main Board of the Johannesburg Stock Exchange on 22 April 2014.

In accordance with the arrangements set out in Part X “Additional Information” of the prospectus
published by the Company dated 20 March 2014, Merrill Lynch International, HSBC Bank plc and
UBS Limited shall severally use reasonable endeavours to procure subscribers for all of the
remaining 2,747,838 New Shares not validly taken up in the Rights Issue. A further announcement
as to the number of New Shares for which subscribers have been procured will be made in due
course.

The net proceeds from the placing of such New Shares (after the deduction of the UK Issue Price
of 180 pence (or its equivalent in Rand at the time of sale, as the case may be) per New Share
and the expenses of procuring subscribers including any applicable brokerage and other
commissions and amounts attributable to value added tax and currency conversion costs, if any)
will be paid (without interest and after deducting currency conversion costs) to those persons
whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed
provisional allotments, save that individual amounts of less than £5.00 (or the Rand equivalent on
the relevant date, as the case may be) will not be paid to such persons but will be aggregated and
paid to the Company.

A further announcement as to the number of New Shares for which subscribers have been
procured will be made in due course.
Following receipt of the valid acceptances for 275,493,790 New Shares, the Company's issued
share capital consists of 1,249,339,491 ordinary shares of 50 pence each. The Company does not
hold any ordinary shares in treasury. Therefore, as at 22 April 2014, the total number of voting
rights in the Company is 1,249,339,491. This figure may be used by Shareholders as the
denominator for the calculations by which they determine if they are required to notify their interest
in, or a change in their interest in, the Company under the FCA's Disclosure and Transparency
Rules. As at 25 April 2014, following completion of the Rights Issue, the total number of voting
rights in the Company will be 1,252,087,329. This figure may then be used by Shareholders as the
denominator for the calculations by which they determine if they are required to notify their interest
in, or a change in their interest in, the Company under the FCA's Disclosure and Transparency
Rules.

Capitalised terms not defined herein are defined at Part XII “Definitions” of the prospectus
published by the Company dated 20 March 2014.

For further information, please contact:

    Enquiries:
    Intu Properties plc                                                               +44 (0)20 7960 1200
    David Fischel                     Chief Executive
    Matthew Roberts                   Finance Director
    Kate Bowyer                       Business Relations Director




    Rothschild (Financial Adviser and Sponsor)                                       +44 (0) 20 7280 5000
    Alex Midgen
    Richard Blackwell
    William Marshall




    BofA Merrill Lynch (Joint Bookrunner)                                            +44 (0) 20 7628 1000
    Simon Mackenzie Smith
    Ed Peel
    Matthew Blawat




    UBS Investment Bank (Joint Bookrunner)                                           +44 (0) 20 7567 8000
    Hew Glyn Davies
    Thomas Raynsford




    HSBC (Joint Bookrunner)                                                          +44 (0) 20 7991 8888
     John Herbert
     Simon Alexander
     Laura Trimble


     Hudson Sandler (UK Public Relations)                                              +44 (0) 20 7796 4133
     Michael Sandler


     Instinctif (SA Public Relations)                                                    +27 (0) 11 447 3030
     Nick Williams
     Frédéric Cornet




THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A
PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. NOTHING IN THIS
ANNOUNCEMENT SHOULD BE INTERPRETED AS A TERM OR CONDITION OF THE RIGHTS
ISSUE. ANY DECISION TO PURCHASE, OTHERWISE ACQUIRE, SUBSCRIBE FOR, SELL OR
OTHERWISE DISPOSE OF ANY NEW SHARES MUST BE MADE ONLY ON THE BASIS OF
THE INFORMATION CONTAINED IN AND INCORPORATED BY REFERENCE INTO THE
PROSPECTUS. COPIES OF THE PROSPECTUS WILL BE AVAILABLE ON PUBLICATION
FROM INTU’S REGISTERED OFFICE AND WEBSITE: WWW.INTUGROUP.CO.UK.

Rothschild is authorised by the Prudential Regulation Authority and regulated by the Financial
Conduct Authority and the Prudential Regulation Authority in the UK and is acting for Intu and no
one else in connection with Rights Issue and will not be responsible to anyone other than Intu for
providing the protections afforded to clients of Rothschild or for providing advice in relation to the
Rights Issue or any other matters referred to in this announcement.

BofA Merrill Lynch, which is authorised by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority in the UK, and BofA Merrill
Lynch South Africa, which is a registered sponsor and member of the JSE, are acting exclusively
for Intu and no one else in connection with the Rights Issue and will not be responsible to anyone
other than Intu for providing the protections afforded to clients of BofA Merrill Lynch or for providing
advice in relation to the Rights Issue or any other matters referred to in this announcement.

UBS Investment Bank is authorised by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority in the UK and is acting for Intu
and no one else in connection with the Rights Issue and will not be responsible to anyone other
than Intu for providing the protections afforded to clients of UBS Investment Bank or for providing
advice in relation to the Rights Issue or any other matters referred to in this announcement.

HSBC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct
Authority and the Prudential Regulation Authority in the UK and is acting for Intu and no one else
in connection with the Rights Issue and will not be responsible to anyone other than Intu for
providing the protections afforded to clients of HSBC or for providing advice in relation to the
Rights Issue or any other matters referred to in this announcement.

This announcement has been issued by, and is the sole responsibility of, Intu. Apart from the
responsibilities and liabilities, if any, which may be imposed on Rothschild, BofA Merrill Lynch,
UBS Investment Bank or HSBC under FSMA or the regulatory regime established thereunder,
none of Rothschild, BofA Merrill Lynch, BofA Merrill Lynch South Africa, UBS Investment Bank or
HSBC accepts any responsibility or liability whatsoever and makes no representation or warranty,
express or implied, in relation to the contents of this announcement, including its accuracy,
completeness or verification or for any other statement made or purported to be made by them, or
on their behalf, in connection with Intu, the New Shares, the Provisional Allotment Letters, the
Forms of Instruction, the Nil Paid Rights, the Fully Paid Rights, the Letters of Allocation or the
Rights Issue. Rothschild, BofA Merrill Lynch, BofA Merrill Lynch South Africa, UBS Investment
Bank or HSBC accordingly disclaim, to the fullest extent permitted by law, all and any responsibility
and liability, whether arising in tort, contract or otherwise, which they might otherwise be found to
have in respect of this announcement or any such statement.

The information contained herein is restricted and is not for release, publication or distribution,
directly or indirectly, in whole or in part in, into or from the United States, Switzerland, Canada,
Japan, or any jurisdiction where to do so would constitute a violation of the relevant laws of such
jurisdiction. The securities to be issued in connection with the Rights Issue (the “Securities”) have
not been and will not be registered under the securities laws of such jurisdictions and may not be
offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly,
within such jurisdictions except pursuant to an exemption from and in compliance with any
applicable securities laws.

This announcement is for information purposes only and does not constitute or form part of any
offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any
securities in any jurisdiction and should not be relied upon in connection with any decision to
subscribe for or acquire any of the Securities. In particular, this announcement does not constitute
or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or
subscribe for, any securities in the United States, Switzerland, Canada, Japan, or any jurisdiction
in which such an offer or solicitation would be unlawful.

This announcement and the information contained herein does not constitute or form a part of any
offer or solicitation to purchase or subscribe for securities in the United States. This announcement
and the information contained herein are not for distribution, directly or indirectly, in or into the
United States (including its territories and possessions, any State of the United States and the
District of Columbia). The Securities have not been, and will not be, registered under the United
States Securities Act of 1933 (the “U.S. Securities Act”) or with any securities regulatory authority
of any State or other jurisdiction. The Securities may not be offered, sold, taken up, exercised,
resold, renounced, transferred or delivered in the United States except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act.
There will be no public offer of Securities in the United States.



Sponsor

Merrill Lynch South Africa (Pty) Ltd

22 April 2014

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