Danuta Gray appointed Chair Designate

Date of issue: 17 September 2018

LEI: 213800WMV4WVES8TQH05

ST. MODWEN PROPERTIES PLC

("St. Modwen" or "the Company")

Danuta Gray appointed Chair Designate

St. Modwen is pleased to announce the appointment of Danuta Gray as a non-executive director and Chair designate with effect from 1 October 2018. On appointment Danuta will join the Remuneration and Nomination Committees and she will work closely with current Chairman Bill Shannon over the coming months, in preparation for his handover of the chairmanship at the end of the Company's next Annual General Meeting scheduled for 29 March 2019. The search process was led by Ian Bull, St. Modwen's Senior Independent Director.

Danuta joins St. Modwen with extensive executive and non-executive experience. She is currently a non-executive director of Direct Line Insurance Group plc, Senior Independent Director of Aldermore Group plc, a non-executive director and Chair of the Remuneration Committee of Old Mutual plc and a non-executive director of the Defence Board of the UK Ministry of Defence. Until 2012 she was Chair of Telefónica O2 in Ireland, having previously been its Chief Executive Officer from 2001 to 2010. She has previously also served as a non-executive director of PageGroup plc, Paddy Power Betfair plc, Aer Lingus Group plc and Irish Life & Permanent plc. Prior to her time at Telefónica O2, Danuta held various senior positions within BT Group from 1984 to 2001.

Mark Allan, Chief Executive, St. Modwen said: "Recruiting such a high calibre individual as our next Chairman is a clear reflection of the quality and direction of our business. Danuta brings significant Board and leadership experience and we are delighted to welcome her to the Board. I am confident that St. Modwen will benefit greatly from her broad knowledge and experience in the ongoing development and delivery of our strategy."

Danuta Gray added: "I am very much looking forward to joining St. Modwen, a company with strong values and a clear and focused strategy. There is great momentum at St. Modwen - it is at an exciting point in its development and I look forward to working with the Board to achieve further success."

St. Modwen confirms that there are no further disclosures required under paragraph 9.6.13R of the Listing Rules in relation to this appointment.

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Notes to Editors

St. Modwen Properties PLC: St. Modwen is a different kind of property partner, taking a different view. Thirty years' experience as an expert developer and regeneration specialist, dealing with complex and challenging sites, has taught us to look at things differently, challenge the norm and create new and sustainable solutions to benefit all those involved. Today, we continue to unlock value and deliver quality outcomes across a wide range of activities, from regeneration to the long-term planning and development of commercial and residential assets, as well as active asset management.

We combine end-to-end expertise - through our network of regional offices, our residential business and our central asset management team, and through joint ventures with public sector and industry leading partners - to deliver lasting results for all concerned. We create places where communities grow, businesses flourish and people can feel and be at home.

St. Modwen's £1.7bn national portfolio of over 100 projects includes the regeneration of New Covent Garden Market, London; the transformation of Longbridge, Birmingham; and the on-going development of the £450 million Bay Campus for Swansea University. St. Modwen Homes is currently selling on 19 sites across the country and our asset management team pro-actively manages our £844 million income-producing portfolio.