Appointment of Chief Investment Officer

LEI: 213800JSNTERD5CJZO95

intu properties plc ("intu or "the Company")

intu appoints Dushyant Sangar as Chief Investment Officer

intu is pleased to announce the appointment of Dushyant Sangar as its Chief Investment Officer.

Dushyant is currently Corporate Development Director at intu, having been appointed to the role and joined the executive committee in 2014. Since then, he has played a vital role in intu's strategic portfolio re-shaping having led all of the Company's investment and divestment transactions, including recent joint ventures. He has also been responsible for sourcing and building relationships with intu's capital partners which has included CPPIB, Nuveen, LaSalle, KWAP and most recently Cale Street, backed by the Kuwait Investment Office, London. Since joining intu in 2010, Dushyant has worked on over £5bn of transactions, including the acquisition of intu Trafford Centre, and he played a leading role in intu's entry into Spain and its successful development to date.

As Chief Investment Officer, Dushyant will be responsible for implementing the Company's ongoing investment strategy as well as continuing to manage acquisitions and disposals.

Prior to joining intu, Dushyant had roles in real estate private equity at MGPA (now Blackrock) where he was part of the corporate acquisitions team, and investment banking at UBS where he specialised in real estate.

Matthew Roberts, Chief Executive, said:

"Dushyant is a very talented and experienced real estate investment practitioner who has played a vital role in our successful capital recycling over recent years. A key strategic objective for us is making smart use of capital which includes reducing leverage and prioritising investment that furthers our winning destination strategy. Dushyant will be key in delivering disciplined capital allocation across the business and I very much look forward to working with him."

ENQUIRIES

intu properties plc

Matthew Roberts Chief Executive +44 (0)207 960 1353

Amanda Campbell Communications Director +44 (0)207 960 1241

Public relations

UK Justin Griffiths, Powerscourt +44 (0)20 7250 1446

Group Company Secretary

Susan Marsden

9 May 2019