Response to Press Speculation 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 08 November 2017 CAPITAL & COUNTIES PROPERTIES PLC (“Capco”) Response to press speculation Capco notes the recent press speculation and confirms that it remains in discussions with the London Borough of Hammersmith & Fulham (“LBHF”) to bring forward an enhanced masterplan for the Earls Court Opportunity Area. An enhanced masterplan would seek to deliver an increased number of homes across all tenures throughout the wider Earls Court Opportunity Area, and could involve LBHF taking the lead on future plans for the West Kensington and Gibbs Green Estates (the “Estates”). In the event that an enhanced masterplan does not progress or agreement is not reached, the Conditional Land Sale Agreement (the “CLSA”, a binding agreement in relation to the Estates) will remain in place. Further announcements will be made in due course as appropriate. -ENDS- Enquiries Capital & Counties Properties PLC: Ian Hawksworth Chief Executive +44 (0)20 3214 9188 Situl Jobanputra Chief Financial Officer +44 (0)20 3214 9183 Sarah Corbett Head of Investor Relations +44 (0)20 3214 9165 Media enquiries: Sarah Hagan Group Director of Communications & Marketing +44 (0)20 3214 9185 UK: Tulchan Susanna Voyle +44 (0)20 7353 4200 SA: Instinctif Frederic Cornet +27 (0)11 447 3030 Notes to Editors About Capital & Counties Properties PLC (Capco): Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco's landmark London estates at Covent Garden and Earls Court were valued at £3.5 billion as at 30 June 2017 (Group share). The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange. www.capitalandcounties.com Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 08/11/2017 09:00:00 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.