CAPITAL & COUNTIES PROPERTIES PLC - 150 million US Private Placement debt raised for Covent Garden

£150 million US Private Placement debt raised for Covent Garden

Capital & Counties Properties PLC
(Incorporated and registered in the United Kingdom
and Wales with Registration
Number 7145041 and registered in South Africa as an
external company with Registration Number
2010/003387/10)
ISIN: GB00B62G9D36
JSE code: CCO
CAPITAL & COUNTIES PROPERTIES PLC

PRESS RELEASE
7 November 2014


                      CAPITAL & COUNTIES PROPERTIES PLC (“Capco”)

                £150 million US Private Placement debt raised for Covent Garden

Capco announces that Capco Covent Garden Limited, the holding company for Capco’s Covent
Garden assets and a wholly owned subsidiary of Capco, has signed an agreement with five US
institutional investors for a private placement of £150 million 10 and 12 year senior unsecured notes.

The issue consists of two tranches: £75 million 3.63% Senior Notes due 2024 and £75 million 3.68%
Senior Notes due 2026. Closing and funding of the transaction will occur in December. The proceeds
will be used to repay bank debt and for general corporate purposes.

The Royal Bank of Scotland plc acted as sole placement agent for the transaction.

Soumen Das, Finance Director of Capco, commented: “We are delighted with our debut US Private
Placement issue. The transaction enhances the unsecured platform at Covent Garden which was
established earlier this year, extending the debt maturity profile and the already strong liquidity
position through a new source of long-term funding at attractive, fixed-rate coupons.”

                                               -ENDS-

Enquiries

Capital & Counties Properties PLC:
Sarah Hagan, Director of Communications                                  +44 (0)20 3214 9185
Michelle McGrath, Head of Investor Relations                             +44 (0)20 7297 6093

Public Relations:
UK: Hudson Sandler, Michael Sandler, Wendy Baker                         +44 (0)20 7796 4133
SA: Instinctif, Frederic Cornet                                          +27 (0)11 447 3030

The Royal Bank of Scotland PLC:
Shawn Robinson, Managing Director                                        +1 203 897 2697


Notes to Editors

About Capital & Counties Properties PLC (Capco):

Capital & Counties Properties PLC 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 3.7 million square feet of assets valued at £2.6 billion (as at 30 June 2014) in two
landmark London estates: Covent Garden, which has assets valued at £1.3 billion including the
historic Market Building, and Earls Court Properties including the Empress State Building together
with the Venues business amounting to aggregate property assets of £1.2 billion. The company is
listed on the London Stock Exchange and the Johannesburg Stock Exchange.

www.capitalandcounties.com

Sponsor:
Merrill Lynch South Africa (Pty) Ltd

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