PWS.L Regulatory News (PWS)

Pinewood Shepperton plc

Pinewood Studios Development Framework Update

Pinewood Shepperton plc ("the Company"), a leading provider of services to the global film and television industry, announces that the Company will today (15 October 2014) submit to South Bucks District Council for approval the detailed design of the first phase of the Pinewood Studios Development Framework ("PSDF"). 

The initial phase will comprise five stages, ten workshops, production offices and associated infrastructure and landscaping. In the last four months since the Company was granted outline planning permission for the PSDF, management has been developing the detailed design of the first phase.

Subject to approval of the detailed design, which is anticipated by the end of 2014, construction work on the first phase is expected to commence in Q1 2015, with occupation in Q1 2016. The addition of the PSDF first phase buildings and backlot to the existing facilities will significantly expand the Group's overall capacity to accommodate major feature films, television programmes, commercials and other screen-based productions at Pinewood Studios.

The Company will make further announcements on PSDF as appropriate.

Enquiries:

Pinewood Shepperton plc +44 (0)1753 656732

Andrew M. Smith, Director of Strategy and Communications

N+1 Singer ​+44 (0)207 496 3000

Richard Lindley

Notes to editors

· Pinewood Shepperton plc is Europe's largest provider of stage and studio space

· Pinewood and Shepperton Studios together accommodate 34 stages, five dedicated digital television studios and five digital presentation studios

· Pinewood Studios is home to Europe's leading studio-based underwater filming stage, as well as one of the largest exterior water tanks in Europe

· The Group now offers financing to UK film and television production as part of its growing range of services

· Pinewood and Shepperton Studios have been home to over 1,500 films in more than 75 years

· Pinewood and Shepperton Studios have hosted over 600 TV shows

· There are over 250 independent, media related companies based at Pinewood and Shepperton's Media Hub

· The Pinewood Group's international network of Studios includes Toronto, Canada; Berlin, Germany; Iskandar, Malaysia; the Dominican Republic; Atlanta, Georgia, USA and a joint venture established in China

Forward looking statements

This announcement includes forward looking statements that are based on current expectations and assumptions. They involve risks and uncertainties and may differ, possibly materially, from actual results, performance and achievement. Neither the Company, nor any of its Directors, undertakes any obligation to update publicly or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

For more information

www.pinewoodgroup.com

Neither the content of the Company's website nor the content of any website accessible from hyperlinks on the Company's website, nor any other website, is incorporated into, or forms part of this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.