Stock Acquisition - Replacement

RNS Announcement

18 November 2020

Replacement announcement: This announcement replaces the Stock Acquisition announcement released at 17.14 on 16 November 2020 under RNS 4902F. The announcement incorrectly made reference to '2026' in defining "Debentures" and instead should have stated '2040'. All other details remain unchanged. The full amended announcement appears below.

PEEL LAND AND PROPERTY INVESTMENTS PLC (the "Company")

Notification of Stock Acquisition

Peel Land and Property Investments Plc £250,000,000 8.375% First Mortgage Debenture Stock 2040 (ISIN: GB0006783558) (the "Debentures")

The Company announces that on 16 November 2020 it acquired £15,005,428 of the Debentures at an average price of 100.63.

This has resulted in the Company holding £39,000,000 of the Debentures in total representing 15.60% of the Debentures then in issue.

The Debentures held by the Company have not been cancelled at the present time.

Peel Land and Property Investments Plc

Venus Building

1 Old Park Lane

TraffordCity

Manchester

M41 7HA

Telephone: 0161 629 8200

Attention: Group Legal Department

Ends.