Annual Financial Report

St. Modwen Properties PLC ("the Company")

Annual Report 2011 and Notice of 2012 Annual General Meeting

The Company announces that it has published its Annual Report for the year ended 30th November 2011 and Notice of 2012 Annual General Meeting, which is to be held at 12 noon on Friday 23rd March 2012 at the Marketing Suite, Innovation Centre, 1 Devon Way, Longbridge Technology Park, Birmingham, B31 2TS.

In connection with this, the following documents have been posted or made available to shareholders on 22nd February 2012:

·; Annual Report 2011, incorporating the Notice of the 2012 Annual General Meeting

·; Proxy Form for 2012 Annual General Meeting

A copy of these documents have been submitted to the UK Listing Authority via the National Storage Mechanism and are available for inspection at www.hemscott.com/nsm.do

A copy of the Annual Report and Notice of 2012 Annual General meeting are available to view at the Company's corporate website at www.stmodwen.co.uk.

St. Modwen Properties PLC

Michael Dunn

Group Finance Director and Company Secretary

0121 222 9400

23rd February 2012