Scrip Dividend Circulars

11 APRIL 2017

CAPITAL & COUNTIES PROPERTIES PLC (the "Company")

SCRIP DIVIDEND CIRCULAR

Capital & Counties Properties PLC has today published scrip dividend circulars for those shareholders holding their shares on the UK share register, and those shareholders holding their shares on the South African share register. The circulars explain the terms of the scrip dividend alternative being offered in respect of the 2016 final dividend, and include the scrip dividend mandate forms.

Copies of the circulars have been submitted to the National Storage Mechanism and will shortly be available for inspection at:

http://www.morningstar.co.uk/uk/nsm

The circulars may also be viewed on the Company's website at:

http://www.capitalandcounties.com/

Enquiries:

Ruth Pavey

Company Secretary

Capital & Counties Properties PLC

Tel: + 44 (0) 20 3214 9184