Confirmation of Offer of Scrip Dividend Alternative

INTU PROPERTIES PLC (the "Company") CONFIRMATION OF OFFER OF SCRIP DIVIDEND ALTERNATIVE TO THE CASH 2013 INTERIMDIVIDEND On 1 August 2013, the Directors announced an interim dividend for 2013 of 5.0pence per ordinary share payable on 19 November 2013 (the "Dividend"). Subjectto the terms of the scrip dividend scheme (the "Scheme") which was approved byshareholders at the Company's 2012 AGM, the Directors are pleased to offer ascrip dividend alternative for the Dividend, and the Dividend will therefore bepaid as follows: * If taken in cash, the Dividend will be wholly paid as a Property Income Distribution ("PID") which will be subject to deduction of a 20 per cent UK withholding tax unless exemptions apply * Shareholders who make an election to receive shares will receive shares based on the full 5.0 pence dividend being paid as a non-PID. As a non-PID, this will be treated as an ordinary UK company dividend Shareholders will receive the Dividend in cash unless they elect to receiveshares instead. It is intended that the Scheme be offered for all futuredividends; the Board does however reserve the right to withdraw the Scheme forany particular dividend at its discretion. A full description of the terms ofthe Scheme are contained in the Scrip Dividend Booklet which is available forviewing or download from the Company's website at www.intugroup.co.uk. Hardcopies can be requested via the website or by contacting the Company ([email protected] or telephone +44 (0)20 7960 1236). Election forms for the Scrip Dividend will be posted to certificatedshareholders as soon as practicable. Further forms for certificatedshareholders are available from our Registrars: UK Shareholders: Capita Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU(Tel: 0871 664 0300 (calls cost 10p per minute plus network extras), or +44 208 639 3399, if calling from outside UK). SA Shareholders: Computershare Investor Services (Pty) Ltd., 70 Marshall Street, Johannesburg2001, South Africa (postal address: PO Box 61763, Marshalltown 2107, SouthAfrica) (Tel: +27 (0)11 370 5000). or by download from www.intugroup.co.uk/investors/shareholders-bondholders/dividends/2013-interim-dividend/ Shareholders holding their shares in dematerialised form through CREST in theUK or Strate in SA and who wish to make a scrip election should contact theirCREST service provider, CSDP, Broker or Nominee as applicable. Additionalinformation is contained in the Booklet. A timetable of events in relation to the Dividend is set out below. The eventsshown in italics apply specifically to the scrip alternative to the Dividend. Confirmation and timetable of scrip alternative Friday 27 September 2013announced Scrip price calculation period - average of five 27 September - 3 Octoberdealing dates on each exchange 2013 inclusive Currency Conversion Date (sterling/Rand) Thursday 3 October 2013 Sterling/Rand conversion rate and dividend amount Friday 4 October 2013in SA currency announced Scrip price and scrip ratio announced Friday 4 October 2013 Ex-dividend date (SA) Monday 14 October 2013 Ex-dividend date (UK) Wednesday 16 October 2013 Record Date (both UK and SA) Friday 18 October 2013 Last date for receipt of Tax Exemption Declaration Friday 18 October 2013Forms to permit dividend to be paid gross (UKShareholders only) *Election Date for scrip alternative (SA) (by Friday 18 October 2013noon) *Election Date for scrip alternative (UK)(by close Friday 25 October 2013of business) Dividend payment date (UK & SA) Tuesday 19 November 2013 CREST (UK register) and CSDP (SA register) Tuesday 19 November 2013accounts credited and share certificates issued tocertificated shareholders First day of dealings and admission to the Tuesday 19 November 2013official list of the UK Listing Authority and theJSE for New Ordinary Shares under the ScripDividend Scheme SA Shareholders should note that, in accordance with the requirements ofStrate, the last day to trade cum-dividend will be 11 October 2013 and that nodematerialisation or rematerialisation of shares will be possible from 14October to 18 October 2013 inclusive. No transfers between the UK and SouthAfrican registers may take place from 3 October to 20 October 2013 (both daysinclusive). *Earlier election dates apply where shares are held indirectly; shareholdersshould contact their CREST service provider, CSDP, broker or nominee asapplicable.

27 September 2013