Statement regarding press speculation 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 29 May 2020 LEI: 549300TTXXZ1SHUI0D54 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION FOR IMMEDIATE RELEASE THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION CAPITAL & COUNTIES PROPERTIES PLC (“Capco” or “the Company”) Statement regarding press speculation Capco notes recent press speculation and confirms that it is in discussions regarding the potential acquisition of a 26.3 per cent shareholding in Shaftesbury PLC. There can be no certainty that these discussions will lead to any agreement between Capco and the selling shareholder. A further announcement will be made in due course, if appropriate. The person responsible for arranging the release of this announcement is Leigh McCaveny, Company Secretary. Enquiries: Capital & Counties Properties PLC Ian Hawksworth Chief Executive +44 (0)20 3214 9188 Situl Jobanputra Chief Financial Officer +44 (0)20 3214 9183 Sarah Corbett Head of Investor Relations +44 (0)20 3214 9165 Media enquiries UK: Hudson Sandler Michael Sandler +44 (0)20 7796 4133 SA: Instinctif Frederic Cornet +27 (0)11 447 3030 JSE Sponsor: Merrill Lynch South Africa (Pty) Limited About Capital & Counties Properties PLC (“Capco”) Capital & Counties Properties PLC is one of the largest listed property investment companies in central London and is a constituent of the FTSE-250 Index. Capco’s landmark estate at Covent Garden was valued at £2.6 billion (as at 31 December 2019) where its ownership comprises over 1.2 million square feet of lettable space. The Company is listed on the London Stock Exchange and the Johannesburg Stock Exchange. www.capitalandcounties.com 2 Date: 29-05-2020 07:05:00 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.