Statement re outline planning consent

9th February 2012

Development Securities secures outline planning for £150m mixed-use redevelopment of Shepherd's Bush Market

Development Securities PLC, in joint venture with Orion Land and Leisure, today announces that it has secured outline planning consent for the redevelopment of Shepherd's Bush Market.

The redevelopment of the 1.9 hectares site will comprise up to 212 residential apartments including mews style houses, a maximum of 14,050 sq m non-residential floor space to include up to 6,000 sq m of retail and market space, 4,000 sq m of food and beverage uses along with ancillary floor space, significant landscaping and amenity/open space. A rejuvenated Shepherd's Bush Market will be at the heart of the mixed-use development.

Today's planning outcome follows on from this week's announcement regarding the receipt of a Resolution to Grant planning for a food store-anchored mixed use scheme at the Wick Site, Littlehampton.

For further information please contact:

Matthew Weiner/Lucy Grimble Development Securities PLC 020 7828 4777