Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1. Name of the issuer

ST. MODWEN PROPERTIES PLC

2. State whether the notification relates to

(i) a transaction notified in accordance with DTR 3.1.2 R; or

(ii) a disclosure made in accordance LR 9.8.6R(1); or

(iii) a disclosure made in accordance with section 793 of the Companies Act 2006

NOTIFICATION RELATES TO (i) ABOVE

3. Name of person discharging managerial responsibilities/director

RICHARD MULLY- DIRECTOR & PDMR

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

NOTIFICATION RELATES TO PERSON NAMED IN 3 ABOVE

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

ORDINARY SHARES OF 10P EACH

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

PLATFORM SECURITIES NOMINEES LIMITED

8. State the nature of the transaction

PURCHASE OF SHARES

9. Number of shares, debentures or financial instruments relating to shares acquired

10,000 SHARES

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.0045%

11. Number of shares, debentures or financial instruments relating to shares disposed

N/A

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13. Price per share or value of transaction

300.00p

14. Date and place of transaction

7TH MARCH 2016, LONDON

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

60,000 SHARES, 0.027%

16. Date issuer informed of transaction

7TH MARCH 2016

If a person discharging managerial responsibilities has been granted options by the issuer complete the following:

17. Date of Grant

N/A

18. Period during which or date on which exercisable

N/A

19. Total amount paid (if any) for grant of the option

N/A

20. Description of shares or debentures involved (class and number)

N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

N/A

22. Total number of shares or debentures over which options held following notification

N/A

23. Any additional information

N/A

24. Name of contact and telephone number for queries

TANYA STOTE, COMPANY SECRETARY, 0121 222 9400

Name of authorised official of issuer responsible for making notification

TANYA STOTE, COMPANY SECRETARY

Date of notification

8TH MARCH 2016