Dividend Declaration

24 MARCH 2015 INTU PROPERTIES PLC (the "Company") CONFIRMATION OF DIVIDEND PAYMENT DATE AND OFFER OF SCRIP DIVIDEND ALTERNATIVETO THE CASH 2014 FINAL DIVIDEND On 27 February 2015, the Directors proposed a final dividend for 2014 of 9.1pence per share (the "Dividend"). We are pleased to announce that the Dividendwill be paid on 28 May 2015, subject to approval of the shareholders at theCompany's AGM to be held on 6 May 2015. A scrip dividend alternative is beingoffered follows: * If taken in cash, the Dividend will be paid wholly as a Property Income Distribution (PID) which will be subject to deduction of a 20 per cent UK withholding tax unless exemptions apply. * Shareholders who make an election to receive shares will receive shares based on the full 9.1 pence being paid as a non-PID which will be treated as an ordinary UK company dividend. Shareholders will receive the Dividend in cash unless they elect to receiveshares instead. A full description of the terms of the Scheme are contained inthe Scrip Dividend Booklet which is available for viewing or download from theCompany's website at intugroup.co.uk. Hard copies can be requested via thewebsite or by contacting the Company (email feedback@intu.co.uk or telephone+44 (0)20 7960 1406). Election forms for the Scrip Dividend will be posted to certificatedshareholders as soon as practicable. Further forms for certificatedshareholders will be available from 27 March 2015 onwards from our Registrars: UK Shareholders: Capita Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU(Tel: 0871 664 0300 (calls cost 10p per minute plus network extras), or +44 208 639 3399, if calling from outside UK). SA Shareholders: Computershare Investor Services (Pty) Ltd., 70 Marshall Street, Johannesburg2001, South Africa (postal address: PO Box 61763, Marshalltown 2107, SouthAfrica) (Tel: +27 (0)11 370 5000). or by download fromhttp://www.intugroup.co.uk/investors/shareholders-bondholders/dividends/2014-final-dividend/ Shareholders holding their shares in dematerialised form through CREST in theUK or Strate in SA and who wish to make a scrip election should contact theirCREST service provider, CSDP, Broker or Nominee as applicable. Additionalinformation is contained in the Booklet. A timetable of events in relation to the Dividend is set out below. The eventsshown in italics apply specifically to the scrip alternative to the Dividend. Confirmation and timetable of scrip alternative Tuesday 24 March 2015announced Scrip price calculation period - average of five 24 March - 30 March 2015dealing dates on each exchange inclusive Currency Conversion Date (sterling/Rand) Tuesday 31 March 2015 Sterling/Rand conversion rate and dividend amount Wednesday 1 April 2015in SA currency announced Scrip price and scrip ratio announced 1 April 2015 Ex-dividend date (SA) Monday 13 April 2015 Ex-dividend date (UK) Thursday 16 April 2015 Record Date (both UK and SA) Friday 17 April 2015 Last date for receipt of Tax Exemption Declaration Friday 17 April 2015Forms to permit dividend to be paid gross (UKShareholders only) Election Date for scrip alternative (SA) (by noon) Friday 17 April 2015 Election Date for scrip alternative (UK)(by close Friday 24 April 2015of business) Dividend payment date (UK & SA) Thursday 28 May 2015 CREST (UK register) and CSDP (SA register) Thursday 28 May 2015accounts credited and share certificates issued tocertificated shareholders First day of dealings and admission to the Thursday 28 May 2015official list of the UK Listing Authority and theJSE for New Ordinary Shares under the ScripDividend Scheme SA Shareholders should note that, in accordance with the requirements ofStrate, the last day to trade cum-dividend will be 10 April 2015 and that nodematerialisation or rematerialisation of shares will be possible from 13 Aprilto 17 April 2015 inclusive. No transfers between the UK and South Africanregisters may take place from 31 March to 19 April 2015 (both days inclusive). Susan MarsdenGroup Company Secretary

24 March 2015