Peel Land 40 Regulatory News (33IE)

3 November 2017

PEEL LAND AND PROPERTY INVESTMENTS PLC

Clarification announcement on the transfer from the Main Market to the Professional Securities Market

The announcement released by Peel Land and Property Investments PLC (the "Company") on 1 November 2017 stated that the Company will request that the UK Listing Authority (the "UKLA") cancel the listings of the entirety of the £250,000,000 8.375% First Mortgage Debenture Stock due 2040 (ISIN: GB0006783558) (the "Debenture Stock") as part of the transfer of the Debenture Stock to the London Stock Exchange's Professional Securities Market ("PSM") on 1 December 2017.

The Company would like to clarify that such announcement should have only referred to the transfer of the Debenture Stock from trading on the Main Market to trading on the PSM with effect from the opening of the market on 1 December 2017 and not the cancellation of the listing of the Debenture Stock on the Official List of the UKLA. The Debenture Stock will remain listed on the Official List following the transfer to the PSM which will still take effect from the opening of the market on 1 December 2017.

Peel Land and Property Investments PLC

Peel Dome

Intu Trafford Centre

Traffordcity

Manchester

M17 8PL

Telephone: 0161 629 8200

Attention: Company Secretarial Department