Intention to seek Admission to the ISE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, SWITZERLAND OR JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

This announcement is not an offer of securities for sale in any jurisdiction. This announcement is not a prospectus (or prospectus equivalent document) or an advertisement. Investors should not subscribe for or purchase any shares in the Company based on this announcement or the Summary Document (as defined below). Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The material set forth herein is for information purposes only and should not be construed as an offer of securities for sale in any jurisdiction.

Cairn Homes p.l.c.

Intention to seek Admission to the ISE Official List and to trading on the main securities market of the Irish Stock Exchange

20 July 2017

Cairn Homes p.l.c. ("Cairn" or the "Company") is pleased to announce its intention to seek admission of its entire issued ordinary share capital (the "Ordinary Shares") to the Official List of the Irish Stock Exchange (the "ISE Official List") and to trading on the main market for listed securities of the Irish Stock Exchange ("Main Market") (together "Admission").

The Company will publish a summary document (the "Summary Document") in connection with the Admission in due course.

Following publication of the Summary Document, it is expected that Admission will become effective and that unconditional dealings in the Ordinary Shares on the Main Market will commence at 8.00 a.m. on 26 July 2017. The Ordinary Shares are, and will remain, listed on the standard listing segment of the Official List of the Financial Conduct Authority maintained by the UK Listing Authority and are, and will remain, traded on the London Stock Exchange's main market for listed securities. No application has been, or is currently intended to be, made for the Ordinary Shares to be admitted to listing or dealt with on any other stock exchange.

The Company is not raising any funds or issuing any new shares in connection with Admission. No shares will be offered or marketed to the public in Ireland, the UK or elsewhere in connection with Admission. The Company's ticker on the Irish Stock Exchange will be 'CRN' and the Company's ticker on the London Stock Exchange will remain as 'CRN', both with an ISIN of IE00BWY4ZF18. On Admission, there will be 722,987,257 Ordinary Shares in issue.

The Summary Document is not a prospectus and has not been approved by the Central Bank of Ireland or any other regulatory authority. Following its publication, copies of the Summary Document will be available on the Company's website (www. cairnhomes.com) and will also be available, on request, in printed form at the Company's registered office, 7 Grand Canal, Grand Canal Street Lower, Dublin 2, D02 KW81, Ireland.

Notes to Editors

About the Company

Cairn Homes p.l.c. is an Irish homebuilder with a highly experienced management team. The Company is committed to constructing high quality new homes with an emphasis on design and innovation in attractive locations to meet sustainable market demand. Cairn has a land bank of 12,600 units, over 91% of which is located in the Greater Dublin Area ("GDA"). Currently, Cairn is active on eight sites in the GDA, which will deliver 3,250 units.

General

Goodbody Stockbrokers UC, trading as Goodbody, ("Goodbody") is acting as sponsor, under the Irish Stock Exchange Listing Rules, to the Company in connection with Admission. Goodbody is regulated by the Central Bank of Ireland. In the UK, Goodbody is authorised and subject to limited regulation by the Financial Conduct Authority. Goodbody is acting exclusively for the Company and for no-one else in connection with Admission and will not be responsible to any person other than the Company for providing the protections afforded to its clients or for providing advice to any other person in relation to Admission or any other matter referred to in this announcement