Update on Creditor Discussions INTU PROPERTIES PLC (Registration number UK3685527) ISIN Code: GB0006834344 JSE Code: ITU LEI: 213800JSNTERD5CJZO95 26 JUNE 2020 UPDATE ON CREDITOR DISCUSSIONS On 23 June 2020, intu properties plc (“intu”) provided an update on discussions with key stakeholders to progress its standstill strategy ahead of the revolving credit facility covenant waiver expiry at 11:59 p.m. this evening, 26 June 2020. Since that update, discussions have continued with the intu Group’s creditors in relation to the terms of standstill-based agreements. Unfortunately, insufficient alignment and agreement has been achieved on such terms. The Board is therefore considering the position of intu with a view to protecting the interests of its stakeholders. This is likely to involve the appointment of administrators. A further announcement will be made as soon as possible. The person responsible for arranging the release of this announcement is Susan Marsden, Company Secretary of intu. ENQUIRIES intu properties plc Matthew Roberts Chief Executive +44 (0)20 7960 1353 Robert Allen Chief Financial Officer +44 (0)20 7960 1360 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: 26-06-2020 08:01:00 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.