Notification of Major Interests in Shares 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) ISIN: GB00B62G9D36 JSE code: CCO CAPITAL & COUNTIES PROPERTIES PLC (the “Company”) NOTIFICATION OF MAJOR INTERESTS IN SHARES Capital & Counties Properties PLC has received a notification of interests in the Ordinary shares of 25 pence each in the Company as shown below: 1) Full name and location of registered Public Investment Corporation SOC Limited, Pretoria, South office of persons subject to the Africa. notification obligation 2) Full name and location of N/A shareholder(s) (if different from 1) 3) Reason for notification An acquisition or disposal of voting rights 4) Date threshold was crossed or 13 March 2019 reached 5) Date issuer was notified 15 March 2019 6) Threshold that was crossed Holding has gone below 7% 7) Total positions of persons subject to the notification obligation A) Resulting situation on the date on % of voting rights attached to shares 6.912% which threshold was crossed or % of voting rights through financial 0 reached instruments Total of both in % 6.912% Total number of voting rights of issuer 850,820,151 B) Position of previous notification % of voting rights attached to shares 7.986% % of voting rights through financial 0 instruments Total of both in % 7.986% 8) Notified details of the resulting situation on the date on which the threshold was crossed or reached A) Voting rights attached to shares Number of voting rights 58,811,801 (Direct) % of voting rights 6.912% (Direct) 9) Information in relation to the person subject to the notification obligation Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity % of voting rights through % of voting rights if financial Total of both if it it equals or is instruments if it equals or is higher Name(XV) higher than the equals or is than the notifiable notifiable higher than the threshold threshold notifiable threshold Public Investment Corporation SOC 6.912% 6.912% Limited 10) Additional information Mduduzi Nsibande Mduduzi.Nsibande@pic.gov.za +27 12 742 3536 Ruth Pavey Company Secretary 020 3214 9170 15 March 2019 JSE Sponsor: Merrill Lynch South Africa (Pty) Ltd Date: 15/03/2019 05:00:00 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.