2016 Interim Dividend SARB approval/scrip dividend

CAPITAL & COUNTIES PROPERTIES PLC (the "Company")

2016 INTERIM DIVIDEND - CONFIRMATION OF SARB APPROVAL AND SCRIP DIVIDEND

The Company confirms that approval has been received from the South African Reserve Bank ("SARB") for the offering of a scrip dividend alternative and accordingly shareholders are able to elect to receive new ordinary shares in the Company, credited as fully paid, in lieu of cash in respect of the 2016 interim dividend of 0.5 pence per ordinary share. The exchange rate and the scrip calculation price, together with the scrip ratio, will be published on 5 September 2016 as previously announced.

Enquiries

Leigh McCaveny 

Acting Company Secretary

Capital & Counties Properties PLC

+ 44 (0) 20 3214 9174 

30 August 2016