Circ re. Dividend Reinvestment Plan

30 November 2016

Countryside Properties PLC Circular to Shareholders in respect of the Launch of the Dividend Reinvestment Plan ("DRIP")

Countryside Properties PLC (the "Company") announced on 29 November 2016 that its Directors recommend that a dividend of 3.4 pence per ordinary share be declared for the year ended 30 September 2016. Shareholders will be asked to approve this dividend at the Company's 2017 Annual General Meeting ("AGM").

The Company also announced on 29 November 2016 that the Directors have decided to launch the Company's DRIP. The DRIP is provided by our Registrars, Capita Asset Services ("Capita"), and offers a convenient way for shareholders to increase their shareholding in the Company by using their dividend payments to purchase additional shares in the Company. 

In accordance with Listing Rule 9.6.1R, the Company has today submitted to the National Storage Mechanism a circular to shareholders in respect of the launch of the DRIP, comprising the following documentation:

· Letter from Capita regarding the DRIP;

· Terms and Conditions Booklet; and

· Shareholder Dividend Form

(together the "DRIP documents").

The DRIP documents will shortly be available for inspection at www.hemscott.com/nsm.do

Details of the DRIP will also be available on the Company's website at www.investors.countryside-properties.com

Mailing of the DRIP documents will commence today. If shareholders wish to participate in the DRIP, the Shareholder Dividend Form must be received by Capita by 8.00pm on 13 January 2017 for those instructions to apply to the recommended dividend to be proposed at the Company's 2017 AGM.

For further information please contact:

Gary Whitaker

Company Secretary

[email protected]

Participation in the DRIP is optional, and this announcement does not constitute advice to participate in the DRIP. If shareholders have any doubt about the action they should take, it is recommended that they consult their stockbroker, solicitor, accountant or other independent professional adviser authorised under the Financial Services and Markets Act 2000.