SMP.L Regulatory News (SMP)

Date of issue: 13 November 2018

LEI: 213800WMV4WVES8TQH05

ST. MODWEN PROPERTIES PLC

("St. Modwen" or "the Company")

Board Retirement

Further to its announcement in January, St. Modwen announces that Lesley James will retire from her position as Non-Executive Director of the Company with effect from 30 November 2018.

Lesley joined the Board in 2009 as a non-executive director and Remuneration Committee Chair.

Chairman Bill Shannon, commented:

"On behalf of the Board, I would like to thank Lesley for her exceptional Chairmanship of the Remuneration Committee and for her extensive contribution to the Board during her tenure at St. Modwen. We wish her all the best."

St. Modwen confirms that there are no further disclosures required under paragraph 9.6.11R of the Listing Rules in relation to this retirement.

For further information, please contact:

Notes to Editors

St. Modwen Properties PLC: St. Modwen is a different kind of property partner, taking a different view. Thirty years' experience as an expert developer and regeneration specialist, dealing with complex and challenging sites, has taught us to look at things differently, challenge the norm and create new and sustainable solutions to benefit all those involved. Today, we continue to unlock value and deliver quality outcomes across a wide range of activities, from regeneration to the long-term planning and development of commercial and residential assets, as well as active asset management.

We combine end-to-end expertise - through our network of regional offices, our residential business and our central asset management team, and through joint ventures with public sector and industry leading partners - to deliver lasting results for all concerned. We create places where communities grow, businesses flourish and people can feel and be at home.

St. Modwen's £1.5bn national portfolio of over 100 projects includes the regeneration of New Covent Garden Market, London; the transformation of Longbridge, Birmingham; and the on-going development of the £450 million Bay Campus for Swansea University. St. Modwen Homes is currently selling on 19 sites across the country and our asset management team pro-actively manages our £692 million income-producing portfolio.