DTR 3 - Notification of Transactions of Directors 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 transactions of persons discharging managerial responsibilities and persons closely associated with them The Company was notified on 31 May 2017 of the following transaction in the ordinary shares of 25p each in the Company undertaken by Gary Yardley, Managing Director and Chief Investment Officer on 31 May 2017: Entity Nature of transaction Number of shares G.J. Yardley Acquisition on election for Scrip dividend alternative 101 Gary Yardley’s interest in shares in the Company increased to 473,073 shares, which represents 0.06% of the issued share capital. 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 Acquisition on election for scrip dividend alternative c) Currency GBP d) Price(s) and volume(s) Price(s) Volume(s) £2.9424 101 e) Aggregated information - Aggregated volume n/a - Price f) Date of the transaction 2017-05-31 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: 31 May 2017 Ruth Pavey Company Secretary 020 3214 9814 31 May 2017 JSE Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 31/05/2017 11:35:00 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.