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 Norges Bank, Oslo, Norway office of persons subject to the notification obligation 2) Full name of shareholders (if different n/a from 1) 3) Reason for notification An acquisition or disposal of voting rights 4) Date threshold was crossed or reached 13/12/2019 5) Date issuer was notified 16/12/2019 6) Threshold that was crossed Total holding has gone above 10% 7) Total positions of persons subject to the notification obligation A) Resulting situation on the date on which % of voting rights attached to shares 10.01% threshold was crossed or reached % of voting rights through financial 0.00% instruments Total of both in % 10.01% Total number of voting rights of issuer 854,299,163 B) Position of previous notification % of voting rights attached to shares 9.04% % of voting rights through financial 0.00% instruments Total of both in % 9.04% 8) Notified details of the resulting situation on the date on which the threshold was crossed or reached A) Voting rights attached to Number of voting rights 85,514,594 (Direct) shares % of voting rights 10.01% B1) Financial Instruments Type of financial instrument - according to Art. 13(1)(a) of Number of voting rights that may be acquired if - Directive 2004/109/EC the instrument is exercised/converted (DTR5.3.1.1 (a)) % of voting rights - B2) Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Type of Exercise/ Expiration Physical or cash financial Conversion Number of voting rights % of voting rights datex settlementxii instrument Period xi - - - - - - 9) Information in relation to the person subject to the notification obligation Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer Ruth Pavey Company Secretary 020 3214 9170 JSE Sponsor Merrill Lynch South Africa (Pty) Limited 17 December 2019 Date: 17-12-2019 07:31:00 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.