Additional Listing

CAPITAL & COUNTIES PROPERTIES PLC

14 May 2020

LISTING APPLICATION IN CONNECTION WITH THE CAPITAL & COUNTIES PROPERTIES PLC SCRIP DIVIDEND ALTERNATIVE

Capital & Counties Properties PLC (the "Company") announces that a total of 2,530, 598 new ordinary shares of 25 pence each in the capital of the Company (the "Scrip Shares") will be issued on 15 May 2020. This is a change of one day from the date previously notified to shareholders (14 May 2020).

The Scrip Shares will be credited as fully paid and rank pari passu with the existing ordinary shares of 25 pence each in the capital of the Company including the right to receive all future dividends and distributions declared, made or paid.

Application has been made for admission to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's ("LSE") main market for listed securities. The Company has also applied to the Johannesburg Stock Exchange ("JSE") for the listing of the Scrip Shares on the Main Board of the JSE. The listing of the Scrip Shares on the LSE and the JSE will become effective 15 May 2020.

Enquiries

Leigh McCaveny

Acting Company Secretary

Telephone +44 20 3214 9170