INTU PROPERTIES PLC - Sale of Rights Issue Rump

Sale of Rights Issue Rump

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


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

SALE OF RIGHTS ISSUE RUMP

22 April 2014

Intu Properties plc (“Intu” or the "Company") announced earlier today that it had 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 announced by the Company on 20 March 2014.

The Company announces that Merrill Lynch International, UBS Limited and HSBC Bank plc as
joint bookrunners, have procured subscribers for the 2,747,838 New Shares for which valid
acceptances were not received, at a price of 289.50 pence or Rand 51.27 per New Share.

The net proceeds from the sale of such New Shares after deduction of the UK Issue Price of 180
pence (or its equivalent in Rand at the time of the 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 Right 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 so paid but will be aggregated and paid to the Company.
Payments will be made in pounds sterling where payable to Qualifying Non-CREST Shareholders
and Qualifying CREST Shareholders (other than Qualifying South African Shareholders) and in
Rand where payable to Qualifying South African Shareholders and any currency conversions from
pounds sterling to Rand or Rand to pounds sterling as appropriate shall be at the spot price on the
relevant date (with such conversion rate to be determined by the Company in its absolute
discretion).

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.

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 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.

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

Date: 22/04/2014 10:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.