Director/PDMR Shareholding

For immediate release 24 February 2010

Town Centre Securities PLC ("the Company")

Director/PDMR shareholding

The Company announces that on 24 February 2010 Mr Richard Lewis, Group Property Director, exercised his option over 10,252 ordinary shares of 25 pence each in the Company granted to him under the Town Centre Securities PLC SAYE Share Option Scheme at an exercise price of 138.5 pence per share, representing 0.02% of the issued ordinary share capital of the Company.

Mr Lewis intends to retain these shares and as a result is now beneficially interested in a total of 315,059 ordinary shares, representing 0.59% of the total shares in issue. Mr Lewis has no remaining options.

For further information, please contact:

Town Centre Securities PLC www.tcs-plc.com

Edward Ziff, Chairman and Chief Executive 0113 222 1234

Ann McGookin, Company Secretary

Smithfield Group 020 7360 4900