Notification of Major Interest in Shares INTU PROPERTIES PLC (Registration number UK3685527) ISIN Code: GB0006834344 JSE Code: ITU NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS 1. Name of the issuer 2. State whether the notification relates to (i) a transaction notified in accordance with DTR INTU PROPERTIES PLC 3.1.2 R, (ii) a disclosure made in accordance with section 793 of the Companies Act 2006, or (iii) in accordance with paragraph 26 of the Model Code TRANSACTION NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 3. Name of person discharging 4. State whether notification relates to a managerial person connected with a person discharging responsibilities/director managerial responsibilities/director named in 3 and identify the connected person JOHN WHITTAKER PEEL CHAPEL NO.4 LIMITED 5. Indicate whether the notification is in 6. Description of shares (including class), respect of a holding of the person debentures or derivatives or financial referred to in 3 or 4 above or in respect instruments relating to shares of a non-beneficial interest - ORDINARY SHARES OF 50P BENEFICIAL HOLDING OF PERSON MENTIONED IN BOX 4 - PUT OPTIONS AND CALL OPTIONS (AS ABOVE PART OF FINANCING ARRANGEMENTS) 7. Name of registered shareholders(s) 8. State the nature of the transaction and, if more than one, the number of shares - ACQUISITION OF 22,258,276 ORDINARY held by each of them SHARES BY PEEL CHAPEL NO.4 LIMITED (THE "MARKET PURCHASE SHARES") CHEMBANK NOMINEES LIMITED AND A DERIVATIVE TRANSACTION TO PROVIDE FINANCING FOR SUCH ACQUISITION - AMENDMENT TO THE DERIVATIVE FINANCING ARRANGEMENTS ENTERED INTO ON 11 JUNE 2015 UNDER WHICH PUT AND CALL OPTIONS (THE "2015 OPTIONS") WERE GRANTED OVER 30,741,724 ORDINARY SHARES (THE "2015 OPTION SHARES") IN ORDER TO: (1) EXTEND THE DERIVATIVE FINANCING ARRANGEMENTS BY GRANTING PUT AND CALL OPTIONS (THE "NEW OPTIONS") OVER THE MARKET PURCHASE SHARES IN ADDITION TO THOSE IN RESPECT OF THE 2015 OPTION SHARES; AND (2) AMEND THE RANGE OF EXERCISE PRICES IN RESPECT OF THE 2015 OPTIONS SO THAT THEY ARE CONSISTENT WITH THE EXERCISE PRICES RELATING TO THE NEW OPTIONS GRANTED OVER THE MARKET PURCHASE SHARES. 9. Number of shares, debentures or 10. Percentage of issued class acquired financial instruments relating to shares (treasury shares of that class should not be acquired taken into account when calculating percentage) ? 22,258,276 MARKET PURCHASE SHARES ACQUIRED 1.655% SHARES ACQUIRED THROUGH ? NEW PUT AND CALL OPTIONS MARKET PURCHASES GRANTED OVER 22,258,276 MARKET PURCHASE SHARES ? AMENDMENT OF EXERCISE PRICES IN RESPECT OF THE 2015 OPTION SHARES RELATING TO 30,741,724 ORDINARY SHARES 11. Number of shares, debentures or 12. Percentage of issued class disposed financial instruments relating to shares (treasury shares of that class should not be disposed taken into account when calculating percentage) N/A N/A 13. Price per share or value of transaction 14. Date and place of transaction ? THE ACQUISITION OF THE - ACQUISITION OF MARKET PURCHASE 22,258,276 MARKET PURCHASE SHARES TOOK PLACE ON 12 OCTOBER SHARES TOOK PLACE AT A 2016 (LONDON) PRICE OF £2.8902 PER SHARE - PUT AND CALL OPTIONS GRANTED ON ? THE PUT AND CALL OPTIONS 12 OCTOBER 2016 (LONDON) GRANTED OVER THE MARKET PURCHASE SHARES AND THE 2015 OPTION SHARES UNDER THE AMENDED DERIVATIVE FINANCING ARRANGEMENTS HAVE A RANGE OF EXERCISE PRICES FROM £2.55 to £3.825 PER SHARE 15. Total holding following notification 16. Date issuer informed of transaction and total percentage holding following 12 OCTOBER 2016 notification (any treasury shares should not be taken into account when calculating percentage) 358,977,415 SHARES (26.694% IN TOTAL) 17. Any additional information 18. Name of contact and telephone number for queries THE MARKET PURCHASE SHARES WERE FINANCED BY AN CHRIS EVES ARRANGEMENT, UNDER WHICH 01624 827 503 PEEL CHAPEL NO.4 LIMITED HAS (UNDER THE AMENDED ARRANGEMENTS IN RESPECT OF THE 2015 OPTION SHARES): (i) PLEDGED THE MARKET PURCHASE SHARES TO THE COUNTERPARTY; AND (ii) GRANTED THE COUNTER- PARTY THE RIGHT TO USE THE MARKET PURCHASE SHARES. ON MATURITY OF THE FINANCING ARRANGEMENT, PC4L IS ENTITLED, AT ITS ELECTION, TO SETTLE IN CASH OR RETURN THE MARKET PURCHASE SHARES AND THE 2015 OPTION SHARES TO THE COUNTERPARTY Susan Marsden Group Company Secretary 020 7887 7004 Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 13/10/2016 11:32:00 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.