INTU PROPERTIES PLC - Amendment and Extension of Puerto Venecia Term Loan

Amendment and Extension of Puerto Venecia Term Loan

Intu Properties plc (“intu”)
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code:     ITU


6 APRIL 2018


INTU PROPERTIES PLC

LEI: 213800JSNTERD5CJZO95
Regulated Information Classification: Additional regulated information required to be disclosed under
the laws of a Member State of the EU.


AMENDMENT AND EXTENSION OF PUERTO VENECIA TERM LOAN

intu properties plc (‘intu’) announces an amendment and extension to the €225 million term
loan secured on Puerto Venecia shopping centre in Zaragoza, Spain. The centre is jointly
owned with Canada Pension Plan Investment Board.
Following negotiations with lenders, the margin on the loan has been reduced by 120 basis
points compared to the existing facility and the maturity date has been extended from 2019
to 2025. The loan will be hedged for its full value and tenor.


Matthew Roberts, chief financial officer of intu, commented:

“We have worked closely with our relationship banks on the margin reduction and extension
of this loan and we are pleased to have been able to secure these revised terms. This is a
further example of the refinancing work we have been doing over the last few years at intu to
reduce our weighted average cost of debt and increase the debt maturity profile.”


ENQUIRIES

 intu properties plc
 Matthew Roberts Chief Financial Officer                                       +44 (0)20 7960 1353
 Hugh Ford             General Counsel & Group Treasurer                       +44 (0)20 7960 1207
 Adrian Croft          Head of Investor Relations                              +44 (0)20 7960 1212


NOTES FOR EDITORS

intu owns and manages some of the best shopping centres, in some of the strongest locations, in the
UK and Spain.

Our UK portfolio is made up of 17 centres, including eight of the top 20, and in Spain we own three of
the country’s top 10 centres, with advanced plans to build a fourth.

We are passionate about creating compelling experiences, in centre and online, that make our
customers smile and help our retailers flourish.

We attract over 400 million customer visits and 26 million website visits a year offering a multichannel
approach that truly supports retail strategies. In 2017, we launched the UK’s first tailor-made
promotional services model to help brands as they look to optimise their portfolio or expand their UK
coverage.

Our strategic focus on prime, high-footfall flagship destinations, combined with the strength and
popularity of our brand, means that intu offers enhanced footfall, dwell time and loyalty. This helps our
retailers flourish, driving occupancy and income growth.

We are committed to our local communities, with our centres supporting over 120,000 jobs
(representing about 3 per cent of the total UK retail workforce), and to operating with environmental
responsibility. We have already met or exceeded a significant number of our 2020 environmental
targets.


JSE Sponsor:
Merrill Lynch South Africa (Pty) Limited

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