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 11 March 2016: (A) PERFORMANCE SHARE PLAN Pursuant to the Company’s Performance Share Plan, the following awards of nil cost options, which represent 150% of 2016 salary, were made based on a market value of 315.30 pence per share: Number of nil cost Exercisable from: options: Ian Hawksworth 274,976 11 March 2019 Gary Yardley 246,431 11 March 2019 Soumen Das 214,081 11 March 2019 (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 315.30 pence per share. These awards represent the 50% of each Executive Director’s 2015 bonus that has been deferred into shares for three years: Number of deferred nil Exercisable from: cost options awarded Ian Hawksworth 121,116 11 March 2019 Gary Yardley 104,662 11 March 2019 Soumen Das 88,962 11 March 2019 (ii) The following matching nil cost options were awarded on a 1:1 basis in respect of the deferred nil cost options above: Number of matching nil Exercisable from: cost options awarded Ian Hawksworth 121,116 11 March 2019 Gary Yardley 104,662 11 March 2019 Soumen Das 88,962 11 March 2019 Note: The vesting of the awards under A and B (ii) above is dependent on the satisfaction of total return and total shareholder return performance conditions set out in the Company’s Annual Report. Ruth Pavey Company Secretary 14 March 2016 020 3214 9184 Sponsor: Merrill Lynch South Africa (Pty) Ltd Date: 14/03/2016 04:15:00 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.