Conversion of Securities

4 July 2014 Intu Properties plc Conversion of £154,317,000 3.75% Perpetual Subordinated Convertible Bonds Further to the notification by Intu Properties plc (the "Company") on 16 June2014 relating to the conversion of £154,317,000 3.75% Perpetual SubordinatedConvertible Bonds issued by the Company (the "Bonds") by certain Peelcompanies, the Company announces that following receipt of a conversion noticedated 2 July 2014 from the bondholders, a total, in aggregate, of 42,394,779new ordinary shares of 50 pence each in the capital of the Company (the "NewOrdinary Shares") will be issued on 7 July 2014. The New Ordinary Shares willrank pari passu with the existing ordinary shares of 50 pence each in thecapital of the Company. The Company has applied for admission of the New Ordinary Shares to theOfficial List of the Financial Conduct Authority and to listing on the LondonStock Exchange's main market for listed securities. The Company has alsoapplied to the Johannesburg Stock Exchange ("JSE") for the listing of the NewOrdinary Shares on the Main Board of the JSE. It is expected that admission ofthe New Ordinary Shares to the Official List will become effective, anddealings will commence, on 7 July 2014. Following this issue of shares, as at 7 July 2014 the total number of votingrights in the Company will be 1,311,353,003. This figure may then be used byshareholders as the denominator for the calculations by which they determine ifthey are required to notify their interest in, or a change in their interestin, the Company under the Financial Conduct Authority's Disclosure andTransparency Rules. Susan MarsdenCompany Secretary4 July 2014