Director/PDMR Shareholding

Capital & Counties Properties PLC

Directors' Acquisition of Shares

Capital & Counties Properties PLC (the "Company") has been notified that:

(i) Purchase of Shares and award of Matching Options to Soumen Das:

On 3 June 2011, Soumen Das, the Company's Finance Director, purchased a total of 6,155 ordinary shares of 25p each at a price of 177.382p per share. On the same date, his wife Dr. Dipa Das purchased a total of 25,191 ordinary shares of 25p at a price of 177.62p per share.

Soumen Das now holds 136,346 ordinary shares of 25p each in the Company (0.020%).

Pursuant to the Company's Matching Share Plan, on 6 June 2011 Soumen Das was awarded 62,692 nil cost matching options with an expected vesting date of 3 June 2014. The matching shares options are subject to the performance conditions set out in the Annual Report and Accounts 2010.

(ii) Purchase of shares by Ian Henderson:

On 6 June 2011, Ian Henderson, a Non-executive Director of the Company, purchased a total of 25,000 shares of 25p each at a price of 176p per share. Ian Henderson's shareholding in the Company is now 37,601 ordinary shares of 25p each (0.005%)

Ruth Pavey

Company Secretary

6 June 2011

020 3214 9154