Statement re Progress at 399 Edgware Road

1 March 2012

Development Securities announces significant progress at 399 Edgware Road, North West London

Pre-lease signed with Morrisons for 80,000 sq ft food store

Development Securities PLC today announces that it has signed an agreement with Morrisons for the pre-lease of an 80,000 sq ft food store, subject to planning, at its 7 acre mixed use redevelopment site at 399 Edgware Road, North West London.

Development Securities is currently preparing a revised planning application to be submitted later this year for a scheme now to be anchored by Morrisons and which will include new Asian retail space and residential apartments, including affordable housing.

399 Edgware Road is the former site of Oriental City, an Asian retail and food centre. The site was purchased by Development Securities in 2005.

For more information please contact:

Matthew Weiner/Lucy Grimble Development Securities PLC 020 7828 4777