Director / PDMR Awards 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 CAPITAL & COUNTIES PROPERTIES PLC (the “Company”) DIRECTOR / PDMR AWARDS In accordance with DTR 3.1.4(1)(a), Capital & Counties Properties PLC announces that the following awards were made to Executive Directors on 1 April 2015: (A) PERFORMANCE SHARE PLAN Pursuant to the Company’s Performance Share Plan, the following awards of nil cost options were made based on a market value of 402.93 pence per share: Number of nil cost Exercisable from: options: Ian Hawksworth 207,728 1 April 2018 Gary Yardley 186,136 1 April 2018 Soumen Das 152,631 1 April 2018 (B) MATCHING SHARE PLAN (i) Pursuant to the Company’s Matching Share Plan the following deferred nil cost options were awarded based on a market value of 402.93 pence per share. These awards represent the 50% of each Executive Director’s 2014 bonus that was deferred into shares for three years: Number of deferred nil Exercisable from: cost options awarded Ian Hawksworth 94,557 1 April 2018 Gary Yardley 81,279 1 April 2018 Soumen Das 68,374 1 April 2018 (ii) The following matching nil cost options were awarded in respect of the deferred nil cost options above: Number of matching nil Exercisable from: cost options awarded Ian Hawksworth 94,557 1 April 2018 Gary Yardley 81,279 1 April 2018 Soumen Das 68,374 1 April 2018 (C) AWARDS UNDER THE MATCHING SHARE PLAN The following awards of nil cost options were made to Gary Yardley on 1 April 2015. The awards were made under the Capital & Counties Properties PLC Matching Share Plan following the co-investment of shares held by Gary Yardley, and were based on a market value of 402.93 pence per share: Number of shares Number of nil cost Expected vesting date: co-invested options awarded: Gary Yardley 76,394 152,788 1 April 2018 Gary Yardley has now invested the maximum amount under the 2013 co-investment invitation. Note: The vesting of the awards under A, B (ii) and C above is dependent on the satisfaction of performance conditions set out in the Company’s 2014 Annual Report. Ruth Pavey Company Secretary 2 April 2015 020 3214 9184 2 April 2015 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 02/04/2015 12:10:00 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.