Statement re Resolution to Grant Planning

6 February 2012

Development Securities secures Resolution to Grant Planning for food store-anchored redevelopment at the Wick Site, Littlehampton

Development Securities PLC today announces that it has secured a Resolution to Grant Planning for a food store-anchored mixed use scheme at the seven acre Wick Site in Littlehampton.

The site currently comprises a number of vacant office and warehouse buildings. Subject to the signing of the S106 agreement, the redevelopment will include a 47,500 sq ft Morrisons food store, a petrol station and car parking.

Development Securities acquired the Wick Site, the former headquarters of The Body Shop International Plc, in June 2010. Conditional contracts were exchanged on 21st April 2011 for the sale of the food store to Morrisons.

For further information please contact:

Matthew Weiner/Lucy Grimble Development Securities PLC 020 7828 4777