Additional Listing

CAPITAL & COUNTIES PROPERTIES PLC

30 MAY 2017

LISTING APPLICATION IN CONNECTION WITH THE CAPITAL & COUNTIES PROPERTIES PLC SCRIP DIVIDEND ALTERNATIVE

Capital & Counties Properties PLC (the "Company") announces that a total of 1,653,429 new ordinary shares of 25 pence each in the capital of the Company (the "Scrip Shares") will be issued on 31 May 2017.

The Scrip Shares will be credited as fully paid and rank pari passu with the existing ordinary shares of 25 pence each in the capital of the Company including the right to receive all future dividends and distributions declared, made or paid.

Application has been made for admission to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's ("LSE") main market for listed securities. The Company has also applied to the Johannesburg Stock Exchange ("JSE") for the listing of the Scrip Shares on the Main Board of the JSE. The listing of the Scrip Shares on the LSE and the JSE will become effective 31 May 2017.

Enquiries

Ruth Pavey

Company Secretary

Telephone +44 20 3214 9155