Notification of transactions of persons discharging managerial responsibilities 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) ISIN: GB00B62G9D36 JSE code: CCO Capital & Counties Properties PLC (the “Company”) Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them On 28 March 2017 the Company was notified that Gary Yardley, an Executive Director of the Company, has transferred 35,000 shares to his wife Amanda Yardley for nil consideration. Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them 1 Details of the person discharging managerial responsibilities/person closely associated a) Name: Gary Yardley 2 Reason for the notification a) Position/status: Managing Director & Chief Investment Officer b) Initial notification Initial notification /Amendment: 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Capital & Counties Properties PLC b) LEI 549300TTXXZ1SHUI0D54 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the Ordinary shares of 25p each financial instrument, type of instrument GB00B62G9D36 Identification code b) Nature of the transaction Transfer of 35,000 shares to wife Amanda Yardley for nil consideration. c) Currency GBP d) Price(s) and volume(s) Price(s) Volume(s) Nil Cost 35,000 e) Aggregated information N/A - Aggregated volume - Price f) Date of the transaction 2017-03-22 g) Place of the transaction London Stock Exchange (XLON) This announcement is made in accordance with the requirements of the EU Market Abuse Regulation (“MAR”) and the Company confirms that the PDMR's notification obligations under MAR have also been satisfied. Name of officer of issuer responsible for making notification: Ruth Pavey Date of Notification: 28 March 2017 Ruth Pavey Company Secretary 020 3214 9184 28 March 2017 Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 28/03/2017 05:30:00 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.