AGM Result

St Modwen Properties plc

Result of Annual General Meeting

At the Annual General Meeting of St Modwen Properties plc, which was held today at Longbridge, Birmingham, all resolutions put to shareholders were duly passed, including the following resolutions passed as Special Resolutions:

·; To authorise disapplication of Pre-emption rights (Resolution 10)

·; To renew the company's authority to purchase its own shares (Resolution 11)

·; To adopt new Articles of Association (Resolution 12)

·; To permit the holding of General Meetings (other than AGMs) at 14 days' notice (Resolution 13)

Copies of the above resolutions have been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

As announced in our 2009 Annual Report, Mr Paul Rigg has stepped down as a Non-Executive Director at today's Annual General Meeting after serving 6 years on the Board. The Board would like to thank him for his hard work and wise counsel over the years.

26 March 2010

ENQUIRIES: