Conversion of £154,317,000 3.75% Perpetual Subordinated Convertible Bonds INTU PROPERTIES PLC (Registration number UK3685527) ISIN Code: GB0006834344 JSE Code: ITU 4 July 2014 Intu Properties plc Conversion of £154,317,000 3.75% Perpetual Subordinated Convertible Bonds Further to the notification by Intu Properties plc (the “Company”) on 16 June 2014 relating to the conversion of £154,317,000 3.75% Perpetual Subordinated Convertible Bonds issued by the Company (the “Bonds”) by certain Peel companies, the Company announces that following receipt of a conversion notice dated 2 July 2014 from the bondholders, a total, in aggregate, of 42,394,779 new ordinary shares of 50 pence each in the capital of the Company (the “New Ordinary Shares”) will be issued on 7 July 2014. The New Ordinary Shares will rank pari passu with the existing ordinary shares of 50 pence each in the capital of the Company. The Company has applied for admission of the New Ordinary Shares to the Official List of the Financial Conduct Authority and to listing on the London Stock Exchange’s main market for listed securities. The Company has also applied to the Johannesburg Stock Exchange (“JSE”) for the listing of the New Ordinary Shares on the Main Board of the JSE. It is expected that admission of the New Ordinary Shares to the Official List will become effective, and dealings will commence, on 7 July 2014. Following this issue of shares, as at 7 July 2014 the total number of voting rights in the Company will be 1,311,353,003. 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 Financial Conduct Authority’s Disclosure and Transparency Rules. Susan Marsden Company Secretary 4 July 2014 Sponsor: Merrill Lynch South Africa (Pty) Ltd Date: 04/07/2014 03:45:00 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.