Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIALRESPONSIBILITY AND CONNECTED PERSONS 1. Name of the issuer 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in INTU PROPERTIES PLC accordance with section 793 of the Companies Act 2006, or (iii) in accordance with paragraph 26 of the Model Code NOTIFICATION IN ACCORDANCE WITH DTR 3.1.2 3. Name of person discharging 4 State whether notification relates managerial responsibilities/ to a person connected with a person director discharging managerial responsibilities/director named in 3 and identify the connected person JOHN WHITTAKER PEEL CHAPEL NO.1 LIMITED PEEL CHAPEL NO.2 LIMITED PEEL CHAPEL NO.3 LIMITED 5. Indicate whether the 6. Description of shares (including notification is in respect of a class), debentures or derivatives holding of the person referred or financial instruments relating to in 3 or 4 above or in respect to shares of a non-beneficial interest1 BENEFICIAL HOLDING OF PERSONS MENTIONED IN BOX 4 ABOVE CONVERTIBLE BONDS AND ORDINARY SHARES OF 50p 7. Name of registered shareholder 8. State the nature of the transaction (s) and, if more than one, the number of shares held by each of them GRANT OF AN IRREVOCABLE UNDERTAKING BY EACH OF THE PERSONS NAMED IN BOX 4 ABOVE IN FAVOUR OF THE ISSUER TO CHEMBANK NOMINEES LIMITED PROCURE THE EXERCISE ON 1 JULY 2014 (OR AS SOON AS PRACTICABLE THEREAFTER, BUT IN ANY EVENT NO LATER THAN 4 JULY 2014) OF CONVERSION RIGHTS IN RESPECT OF THE £51,439,000 CONVERTIBLE BONDS HELD BY EACH OF THEM (£154,317,000 CONVERTIBLE BONDS IN TOTAL) IN THE ISSUER IN ACCORDANCE WITH THE TERMS OF AND CONDITIONS TO SUCH BONDS. 9. Number of shares, debentures or 10. Percentage of issued class acquired financial instruments relating (treasury shares of that class to shares acquired should not be taken into account when calculating percentage) UNDER THE TERMS OF THE IRREVOCABLE UNDERTAKING, THE 3.34% OF ORDINARY SHARES (ASSUMING PERSONS MENTIONED IN BOX 4 ABOVE NO ADJUSTMENT OF THE CONVERSION UNDERTAKE TO PROCURE THE PRICE PRIOR TO CONVERSION) CONVERSION OF, IN AGGREGATE, £ 154,317,000 CONVERTIBLE BONDS, RESULTING IN THE ISSUE OF 42,394,779 ORDINARY SHARES OF 50P IN THE CAPITAL OF THE ISSUER (ASSUMING NO ADJUSTMENT TO THE CONVERSION PRICE PRIOR TO CONVERSION) 11. Number of shares, debentures or 12. Percentage of issued class disposed financial instruments relating (treasury shares of that class to shares disposed should not be taken into account when calculating percentage) SEE BOXES 8 AND 9 ABOVE FOR A DESCRIPTION OF THE UNDERTAKING N/A TO EXERCISE THE CONVERSION RIGHTS IN RESPECT OF THE CONVERTIBLE BONDS UNDER THE IRREVOCABLE UNDERTAKING 13. Price per share or value of 14. Date and place of transaction transaction LONDON, 13 JUNE 2014 THE CONVERSION OF THE CONVERTIBLE BONDS IN ACCORDANCE WITH THE TERMS OF THE IRREVOCABLE UNDERTAKING WILL TAKE PLACE AT A PRICE OF £3.64 PER SHARE, IN ACCORDANCE WITH THE TERMS OF AND CONDITIONS TO SUCH BONDS, SUBJECT TO ANY FURTHER ADJUSTMENT OF THE CONVERSION PRICE IN ACCORDANCE WITH THE TERMS OF SUCH BONDS 15. Total holding following 16. Date issuer informed of transaction notification and total percentage holding following notification (any treasury shares should not be taken into 13 JUNE 2014 account when calculating percentage) TOTAL INTEREST IN ORDINARY SHARES AT DATE OF IRREVOCABLE UNDERTAKING 252,282,673 (19.887%) TOTAL INTEREST (INCLUDING SHARES ISSUABLE ON CONVERSION OF CONVERTIBLE BONDS) 294,677,452 (23.229%) 17. Any additional information 18. Name of contact and telephone number for queries THE 42,394,779 SHARES WILL, UPON ISSUE, BE MADE SUBJECT TO AN GILLIAN GELLING/CHRIS EVES EQUITABLE CHARGE AS SECURITY FOR AN INTEREST BEAERING LOAN MADE 01624 827503 AVAILABLE TO PEEL CHAPEL HOLDINGS (IOM) LIMITED (INITIALLY NOTIFIED TO THE MARKET ON 3 FEBRUARY 2011). Simon Maynard Assistant Company Secretary

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