Change of Auditor

Warner Estate Holdings PLC

("Warner Estate" or "the Company")

Change of Auditor

Warner Estate announces that PKF (UK) LLP has resigned as auditor of the Company. The circumstances connected with their ceasing to hold office as auditor are that PKF (UK) LLP has entered into a business combination with BDO LLP and will cease to be a registered auditor in due course.

Warner Estate announces that BDO LLP has been appointed as auditor of the Company and its subsidiaries.

-ends-

Date: 26 June 2013

For further information contact:

Warner Estate Holdings PLC

Philip Warner, Chairman

Mark Keogh, Group Managing Director

Robert Game, Group Managing Director, Property

Tel: 020 7907 5100

www.warnerestate.com

Numis

Heraclis Economides

Tel: 020 7260 1224