INTU PROPERTIES PLC - Appointment of Non-Executive Director

Appointment of Non-Executive Director

INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code:     ITU
LEI: 213800JSNTERD5CJZO95
INTU PROPERTIES PLC

4 MAY 2020

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

intu properties plc (‘intu’) is pleased to announce the appointment of David Hargrave as non-
executive director with effect from today’s date.

David brings to intu deep professional experience of working with businesses of all sizes
which are undergoing change or restructuring. He will also take up the role of Chief
Restructuring Officer as intu works through its strategy to fix the balance sheet.

He is a qualified Chartered Accountant (Fellow of Chartered Accountants Australia and New
Zealand) with 33 years of experience in Transaction businesses of Big-4 accounting firms.
Throughout his career, David has led processes of change or restructuring within companies
by active engagement with their stakeholders.

David was a partner at EY from 2008 to 2019 and prior to that he worked for PwC from 1987
to 2007, the last 7 years as partner.

John Strachan, intu's chairman, said:
"I am delighted to welcome David to the Board of intu. He brings a wealth of highly relevant
experience from business turnarounds and restructuring. This will be of significant benefit as
we work towards fixing the balance sheet and we look forward to his contribution to the
Board's deliberations.”

David Hargrave will not be independent upon appointment to intu. Consequently intu will not
be compliant with the UK Corporate Governance Code in respect of the balance required on
the board, excluding the Chairman, of 50 per cent independent directors and 50 per cent
non-independent directors. The Board will keep this matter under close review. David does
not own any shares in intu and no other matters require disclosure under LR 9.6.13 R of the
FCA Listing Rules in relation to his appointment to intu.


ENQUIRIES
 intu properties plc

 John Strachan             Chairman                               +44 (0)20 7960 1201

 Susan Marsden             Company Secretary                      +44 (0)20 7887 7000

 Adrian Croft              Head of Investor Relations             +44 (0)20 7960 1212

 Public relations

 UK:                       Justin Griffiths, Powerscourt          +44 (0)20 7250 1446

 SA:                       Frédéric Cornet, Instinctif Partners   +27 (0)11 447 3030


JSE Sponsor:
Merrill Lynch South Africa (Pty) Limited
Date: 04-05-2020 07:05:00
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