Scrip Dividend Circulars 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 8 April 2020 CAPITAL & COUNTIES PROPERTIES PLC (the “Company”) SCRIP DIVIDEND CIRCULARS Capital & Counties Properties PLC has today published scrip dividend circulars for those shareholders holding their shares on the UK share register, and those shareholders holding their shares on the South African share register. The circulars explain the terms of the scrip dividend alternative being offered in respect of the 2019 final dividend, and how shareholders may elect to receive the scrip dividend alternative. Shareholders in South Africa should note that hard copy documentation cannot currently be posted due to the postal restrictions resulting from COVID-19 (coronavirus) therefore the circulars and scrip election mandate forms will be emailed where email addresses have been provided or shareholders should contact our South African Registrar, Computershare Investor Services Proprietary Limited. Contact details are available at: https://www.capitalandcounties.com/investors/shareholder-information/registrars The circulars and mandate forms may also be viewed on the Company’s website at: https://www.capitalandcounties.com/investors/shareholder-information/dividends Copies of the circulars have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism Enquiries: Leigh McCaveny Acting Company Secretary Capital & Counties Properties PLC Tel: + 44 (0) 20 3214 9170 JSE Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 08-04-2020 04:30:00 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.