Notification of Major Interests in Shares 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”) NOTIFICATION OF MAJOR INTERESTS IN SHARES Capital & Counties Properties PLC has received a notification of interests in the Ordinary shares of 25 pence each in the Company as shown below: i) Full name of Persons subject to the BlackRock, Inc. notification obligation ii) Full name of shares holders (if different n/a from i) iii) Reason for Notification An acquisition or disposal of voting rights An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments iv) Date of Transaction 12 May 2016 v) Date issuer was notified 13 May 2016 vi) Threshold that was crossed Total holding for BlackRock, Inc. has gone below 13% vii) Situation previous to the triggering Number of shares 90,440,009 transaction Number voting rights 90,440,009 viii) Resulting situation after the triggering Number of voting rights 89,304,685 (Indirect) transaction % of voting rights 10.60% (Indirect) ix) Qualifying Financial Instruments – Type of financial Securities Lending Resulting situation after the triggering instrument transaction Number of voting rights 13,400,001 that may be acquired if the instrument is exercised/converted % of voting rights 1.59% x) Financial Instruments with similar Type of financial CFD economic effect to Qualifying Financial instrument Instruments – Resulting situation after the Number of voting rights 6,472,808 triggering transaction instrument refers to % of voting rights 0.76% (Nominal) 0.76% (Delta) xi) Total Number of voting rights 109,177,494 Percentage of voting 12.96% rights xii) Chain of controlled undertakings Name BlackRock Investment through which voting rights and/or the Management (UK) financial instruments are effectively held Limited % of voting rights if it 6.07% equals or is higher than the notifiable threshold % of voting rights through 1.84% financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals 7.91% or is higher than the notifiable threshold xiii) Additional information BlackRock Regulatory Threshold Reporting Team xiv) Contact Name Laurel Clark xv) Contact telephone number: 020 7743 3650 Leigh McCaveny Acting Company Secretary 020 3214 9174 16 May 2016 Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 16/05/2016 01:15:00 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.